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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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Free AccessShell CEO Says Physical Oil Fundamentals Remain Strong
Shell CEO Wael Sawan said oil fundamentals remain strong with strong Chinese demand and low SPR levels.
- China’s crude oil demand is almost back to 2019 levels, Sawan said.
- SPR is at an historic low and the supply side is “petty tight”, he added.
- In regard to the LNG market he said the prompt market is weak with elevated inventories in Europe and North Asia. He sees the market more bullish for 2H23 as Chinese demand pick up and operators will need to carry out maintenances.
To read the full story
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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.