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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
Saudi may refrain from increasing Arab Light prices for Asian customers next month according to a Bloomberg survey – it would mark the first pause in six months.
- The pause in Arab Light to Asia is suggested from the median of seven traders and refiners surveyed by Bloomberg.
- Asian demand has been forecast to be impacted by higher prices in some sell side forecasts. Citigroup for example forecasts crude flows into China are set to “stay more moderate” as high prices may limit purchases for stockpiling.
- China has also built-up significant stockpiles earlier in the year at cheaper prices.
- Physical spot premiums for Arab Light started to slump in the final week of the trading cycle for December-loading barrels in Asia as Chinese buyers were less active according to Bloomberg.
- Saudi Aramco usually releases its OSP’s in the first five days of the new month.
source: 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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