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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.
OIL
The price of oil tankers surged following the Russia/Ukraine war with the rerouting of global petroleum flows.
- Shipments are taking much longer journeys after the EU ban on seaborne Russia crude with flows diverted to China and India instead.
- The asset prices of all the main long distance oil tankers increase by around 50% since the middle of last year, according to data from VesselsValue.
- “The values are likely to stay strong in the short term as Russia is still at war,” said senior analyst Rebecca Galanopoulos Jones.
- Last year, 22 VLCCs were bought by unidentified entities, up from six a year earlier, VesselsValue data show.
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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