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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
Russian Urals ship to ship transfers fell sharply to only transfer in July because of a mix of more regulatory scrutiny, less-expensive freight, and the fact that Russia doesn’t need to keep ice-strengthened ships near its western ports during summer according to Bloomberg and shipping officials.
- There has been just one Urals grade STS transfer in July according to Bloomberg tanker tracking data.
- In May the EU banned ships from its ports if they are involved in illegal STS transfers. Not all transfers, including of Russian oil, break EU rules, especially if the cargo cost less than $60/bbl.
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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