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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.
OIL
Total OPEC+ crude/condensate loadings in October stood at around 29.5mbd, of which OPEC Middle East’s members contributed 18.5mbd – both totals show little change from September according to Vortexa.
- Saudi loadings fell by 570kbd on the month in October, the largest drop observed since March 2022.
- Crude exports from Nigeria and Algeria grew by 470kbd in October from the previous month.
- Loadings of Russian crude grades showed a slight uptick in October (+130kbd) but at 3.4mbd, it is matching the July-October average.
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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