Free Trial

Turkish Strait Closure Having Limited Impact on CPC Flows at Present

OIL

Turkish Straits closures because of wildfires will have limited impacts on CPC loadings at present according to Bloomberg vessel tracking.

  • Four of five tankers scheduled to load CPC Blend by Aug. 29 are now in the Black Sea, waiting to moor. The other one is waiting to pass the strait.
  • Nine tankers carrying CPC Blend are now at Sea of Marmara, waiting to cross Dardanelles Strait southbound; two tankers which just loaded CPC are still in the Black Sea.
  • The length of strait closure is not clear at present.

To read the full story

Close

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.