MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Reliance Fuel Supplies to Europe Using Route Round Africa

OIL PRODUCTS

Reliance Industries fuel supplies from its refining complex in India are mostly shipped to Europe via the Cape of Good Hope to avoid the Red Sea, according to Bloomberg shipping sources and ship tracking data.

  • Chartering contracts from Reliance offer the flexibility to tanker owners to go either way to Europe but most are opting for the African route, a shipping sources said.
  • Prior to the start of Houthi attacks, all tankers carrying fuel from Reliance Industries passed through Red Sea.
  • Since mid-February, at least eight tankers have taken the Cape of Good Hope route suppling jet fuel and diesel to Europe according to LSEG data.
  • Two refineries at Jamnagar have capacity to process about 1.4m barrels of oil per day.
BulletEnergy BulletsHomepageCommoditiesCEEMEA
BulletEnergy BulletsHomepageCommoditiesCEEMEA

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.