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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 oil exports are falling in November based on vessel tracking companies.
- Saudi shipments were down by about 430,000 bpd, or roughly 6%, by mid-November compared with the previous month, according to Kpler.
- A greater drop of 676,000 bpd was recorded by Vortexa.
- An earlier report from tanker tracker Petro Logistics said OPEC exports in general were tumbling and are down “very significantly in the first half of November, by more than 1 million barrels a day,” which they said indicated that recent to OPEC cuts were underway.
- Iraq showed a drop of 308,000 bpd, or about 9%, in shipments in the first two weeks of November and Kuwait’s flows appeared broadly flat, but exports from the United Arab Emirates rose by 379,000 bpd, or roughly 12%, according to Kpler.
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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