MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Physical Atlantic Crude Market May Have Bottomed Out: Sparta

OIL

The Atlantic crude market may have finally found a floor with some signs of improving demand, according to Sparta Commodities, cited by Bloomberg.

  • “Physical crude should soon start to feel the effects of higher buying for 3Q runs, with seasonality still a source of strength ahead,” Sparta’s Neil Crosby said in a note.
  • Demand is currently firmer for heavier grades such as Johan Sverdrup. These are proving as an alternative for Aramco cargoes whose OSPs to Europe have been raised.
  • Sparta also said that there has been limited movement in premiums for North Sea and WAF grades.
  • The arbitrage opportunity to the East remains open since the Brent-Dubai EFS is substantially weaker than during Q2.
Energy BulletsHomepagemarkets-real-timeBulletCommoditiesCEEMEA
Energy BulletsHomepagemarkets-real-timeBulletCommoditiesCEEMEA

To read the full story

Close

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.