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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
OPEC+ countries pushed out higher oil product supplies in September, at the same time as they have been curtailing crude supplies according to Vortexa.
- Higher OPEC+ product exports have been supported by new refinery capacity in Kuwait, Oman, Saudi Arabia and probably next year in Nigeria. As a result, the 10mn bpd mark for seaborne clean product exports (including LPG) could be hit in 2024.
- It indicates OPEC+ nations rising up the value chain this year, countering a recent low crude export pace by the group hitting 26mn bpd in August. (see chart)
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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