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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
Saudi Arabian crude oil exports fell to 7.32mbpd in April, the lowest level in five months, data from the Joint Organizations Data Initiative (JODI) showed.
- Saudi Arabian crude oil exports fell by 207mbpd in April month on month. The country’s crude oil output was flat on the month at 10.46mbpd in April, while inventories rose by 1.98mn barrels to 149.4mn barrels.
- Domestic refineries processed 42kbpd less crude at 2.69mbpd, even as exports of refined products rose by 75kbpd to 1.547mbpd.
- At the last OPEC+ meeting on 4 June, the producer announced to additional cut output by 1mbpd for July, with a possibility to extend the cut by up to six months.
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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