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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
Russian Deputy PM Alexander Novak said Dec. 27 that Brent oil prices will trade at $80-85/b in 2024, according to Platts.
- Platts’ Analysts forecast that Dated Brent will trade between $75-100/b in 2024.
- Novak Said that there was strong demand for Russian crude and products from Latam, Africa, and APAC. He added that customers could be supplied by new routes such as the Northern Sea Route.
- Russia has shipped 50% of its oil and petroleum exports to China, while shipments to India have risen to a share of 40% this year, Russian Deputy PM Alexander Novak said, cited by Bloomberg.
- Platts assessed Russia’s Urals crude at a $17.6/b discount to Dated Brent Dec. 22. Dated Brent was assessed at $80.78/b.
Source: S&P Global Commodity Insights
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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