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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 may raise its OSPs for Arab Light to Asia higher for a fifth straight month in November due to prolonged cuts and resilient demand based on a Reuters survey.
- Saudi Aramco may hike the OSP for its medium sour crude by about 45 cents a barrel for November.
- The respondents also expect Saudi Aramco to increase prices for Arab Medium and Arab Heavy by about 30 to 40 cents from the previous month.
- Reuters reported over the weekend that OPEC+ is unlikely to tweak its current oil output policy at the upcoming ministerial panel.
- Saudi OSPs are usually released around the 5th of each month.
source: Reuters
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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