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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
US oil sanctions policy could change significantly change if Trump wins the election, expects told Platts.
- Combined crude production in Russia, Iran, and Venezuela – the main countries targeted by oil sanctions – produced 13.2m b/d in July, up from 11.7m b/d at the start of the Biden administration and 16.1m b/d at the start of the Trump administration.
- The macro picture could be a determining factor in the sanctions’ trajectory: soft oil prices, excess capacity, and moderate growth could provide economic flexibility for tougher Iran and Russia sanctions, Atlantic Council’s David Goldwyn said.
- The most market-relevant sanctions shift for Trump is likely Iran, which could see a further crack down.
- Regarding Russia, a Ukraine peace deal could see Trump lift sanctions, Rachel Ziemba, a senior advisor with Horizon Engage said.
- Venezuela’s sanctions are more uncertain. The previous policy was driven by advisor John Bolton, so Trump could take a new approach to Caracas.
- Trump may return to maximum pressure or look for a new strategy – given the previous policy didn’t achieve its objective.
Source: S&P Global Comodity 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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