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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Ship-to-ship transfers of Russian oil are relocating to new regions in response to Greece's crackdown on oil transfer activities in the Laconian Gulf, according to Kpler.
- Global oil logistics have shifted with emerging hotspots for ship-to-ship transfers including Malta, Italy, and Western Africa.
- Transfer volumes are stabilising as vessels adjust to new regulatory environment, despite a 40% drop in cargo volumes since the implementation of Greek restrictions.
- Greek authorities implemented stringent measures to curb illegal and risky oil transfer activities which posed environmental and security threats.
- The shift reflects the resilience and adaptability of maritime logistics with 85% of the total leaving the Hellenic exclusive economic zone for new locations.
- There were 122 STS transfers recorded in various regions from May 1 to August 1 with 44% near Malta, 9% near Augusta, Sicily and 7% near Lome, Togo.
Source: Kpler
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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