MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Saudi Raise Muajjiz Terminal Oil Exports Avoiding the Southern Red Sea

OIL

Saudi Arabia more than doubled oil exports from its Muajjiz terminal last month from 258kbpd in Dec to 580kbpd in Jan according to Bloomberg.

  • Shipments from the Muajjiz terminal on Saudi Arabia’s Red Sea coast allow it to avoid the southern Red Sea for exports to European refiners.
  • Muajjiz cargoes are shuttled to the southern end of the Sumed pipeline located in Egypt to then be piped to the Sidi Kerir terminal on the Mediterranean coast for onward delivery.
  • Muajjiz is connected to oil fields in eastern Saudi Arabia by the East-West Pipeline.
  • Saudi Aramco has said it continues to send cargoes through the southern Red Sea with at least two tankers loading at Muajjiz headed south to Asia through the Bab el-Mandeb Strait in January.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.