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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
The US Department of Energy has announced the latest purchase contracts that have been awarded from the SPR sales announced June 14.
- A total of 14 companies responded to the notice, submitting 68 bids for oil from the four SPR sites.
- Crude oil deliveries will take place from each of the SPR storage sites between August 16, 2022 and September 30, 2022.
- The sales are part of Bidens commitment to release 1mn bpd from the US SPR for 6 months to try and ease global market tightness.
- Contracts were awarded to the following companies:
Source: US DOE
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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