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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
Indian refiners are struggling with the additional steps required to comply with the 60$/bbl oil price cap according to Bloomberg sources. Additional details such as verification of official invoices, contract documents, plus shipping and insurance information are required to prove compliance with the sanctions on Russian.
- The checks are causing transactions to slow and could potentially weigh on India’s Russian purchases according to the sources.
- They suggest evidence of the cargo cost is tough to provide with most Russian imports purchased on a delivered-at-port basis, therefore including shipping and insurance costs in the overall cargo price.
Source: Bloomberg
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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