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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
US SPR withdrawals this week were a total of -1.4mbbls of only sweet crude according to OilX.
- US SPR is now down to 389.1mbbls with a year to date decline of -204.6mbbls and a split of 46.6% sweet vs 53.4% sour crude. The current drawdown speed of -203kbpd is slower than EIA prediction of 666kbpd for Nov.
- SPR withdrawals are expected to continue into December after the final 15mbbls tender at the start of November for Dec delivery from the planned 180mbbls release.
Source: OilX
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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