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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
Ukraine’s drone attacks on Russia’s refineries may squeeze a lucrative illicit oil trade in Libya that has already inflamed political tensions in the latter, according to Platts.
- Sources said that Libya regularly imports from Russia via middlemen in Turkey, much of which is then smuggled into Sudan.
- The strikes which have hampered Russia’s refinery output may force smugglers to look elsewhere to maintain the black-market trade.
- The growing criticism of the fuel smuggling is putting Dbeiba's UN-backed Government of National Unity (GNU) in Tripoli in a difficult position.
- The fuel arrivals are subsidised when sold to the domestic market (before being smuggled) and this is draining the country’s foreign reserves, Platts said.
Source: S&P Global Commodity Insights
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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