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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
Observed crude oil shipments into Europe from the USGC are set to remain at around 2m b/d for a second successive month, according to Bloomberg citing tanker tracking data.
- 35 tankers are carrying around 30.9m bbl has arrived so far in Europe from the Gulf Coast, with a further 36 tankers carrying 34.2m bbl forecast to arrive in Jan.
- This puts the total forecasted volume in Europe in Jan at 65.1m bbl, or 2.1m b/d, the highest since 2016 when the US lifted its crude export ban.
- European refineries have been boosting US crude purchases to replace Russian crude.
Source: Bloomberg
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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