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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
Repair works on a pipeline to the Finnart oil terminal in Scotland are likely to be extended and could run into April, industry sources told Reuters.
- Market participants previously expected repairs to be completed in March.
- The delay is despite a Nigerian crude tanker discharging crude during 3-5 February at the terminal, ship tracking data showed, the first cargo since the leak.
- Diesel arrivals at the refinery jumped in January, following the leak to the pipeline (see chart).
- North Sea Forties crude oil exports fell to 2.8mn barrels in January, down from 6.3mn original scheduled in the loading plan, as several cargoes were diverted to the Grangemouth refinery after the leak, sources told 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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