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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.
OIL
Venezuela exported 619,300 bpd of crude and fuel last month according to Refinitiv – as sales lifted 16% versus October.
- Crude and fuel exports for the year have averaged 620,000 bpd to date, slightly lower than 2021. Most of November’s cargoes were for China.
- Limited flows of condensate from Iran are behind a month-over-month decline in Venezuelan crude production, to 716,000 b/d in November according to Argus sources. Most Venezuelan crude is heavy or extra heavy and requires blending with condensate to make it easier to move by pipeline.
- The Venezuelan Oil Chamber said separately production averaged 710,000 b/d in November.
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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