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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
Preliminary data for crude/condensate exports from Saudi Arabia for the month of July (days 1-15) show a decline of 0.6mbd vs June according to Vortexa.
- Exports from other OPEC member countries like Kuwait, Nigeria and Algeria are also down by another 0.6mbd vs June.
- Exports out of UAE and Iraq increased by 0.5mbd over the same period – largely offsetting Saudi reductions.
- Cuts by Saudi are driving increases in the sour crude market and tightening the diff to sweet crudes.
- See chart for OPEC crude/condensates export by origin country.
source: Vortexa
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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