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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
Barring a small crude volume delivered into Bulgaria, seaborne crude flows from Russia into Europe have halted since December 5 when the import ban was implemented.
- With flows no longer heading to Europe – vessels have redirected mainly towards China and India instead.
- Seaborne crude flows to China, India and Turkey as well as countries showing no destination jumped on the four-week average to December 9, four times higher than prior to the invasion according to Bloomberg vessel tracking.
- A higher percentage of vessels than usual are also leaving western Russian ports without signalling a destination but heading for the Suez Canal towards Asian buyers.
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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