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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
Saudi Arabia raised prices for Arab light crude to Asia for a second month in April, to $2.50 a barrel above the Oman/Dubai average.
- The price hike was 50 cents a barrel higher than the March official selling prices.
- Saudi Arabia set its official selling price (OSP) for Arab Heavy, a medium sour crude containing more sulphur than Arab Light, at 75 cents a barrel above the Oman/Dubai average, up $2.5 a barrel from March.
- Higher economic activity in China has spurred higher Saudi OSP’s for Asian bound crude.
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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