Free Trial

US and Saudi Crude Flows Elevate Global Volumes Feb

OIL

A surge in US Gulf exports last month helped prevent a slump in global seaborne volumes. The flows more than made up for declines from Russia according to Bloomberg vessel tracking.

  • Shipments jumped to 3.8 million barrels a day, a month-over-month hike of 542,000 a day.
  • The total observed seaborne flows of 38.28 million a day were the highest since October.
  • There was also a significant gain in crude exports from Saudi Arabia at 481,000 bpd in Feb vs Jan to 7.2mn bpd.



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.