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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.
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MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Saudi Floating Crude Off Egypt Clearing
The Saudi crude floating off Egypt’s Ain Sukhna began clearing this week according to Bloomberg. Vortexa figures also confirm the clearance with volumes halving to 10.5 million barrels.
- On June 14, Vortexa counted 19.5 million barrels of Saudi crude on board 10 VLCC’s clustered outside Ain Sukhna, most of which had loaded in the second half of May.
- The last time Saudi floated that much crude on tankers was during the pandemic.
- All but one of the 10 VLCCs that were observed on June 14 have since unloaded the barrels, with four new VLCCs also arriving during that time.
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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.