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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
Iran exported over 1.5mn bpd of crude/condensate in May, a 200kbd increase m-o-m and 400kbd above the 12-month average according to Vortexa.
- May was the highest monthly volume since sanctions were imposed November 2018.
- Iran’s crude exports are being driven by Chinese demand, 20 new tankers joining its fleet this year and onshore stock draws.
- Iran’s onshore crude/condensate inventories declined to 107mb in May, a 140kbd stock draw since April according to Vortexa.
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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