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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
In October, a total of 25 crude cargoes departed Venezuelan waters carrying an average 533,968 bpd of crude and product according to Refinitiv vessel tracking.
- It marks a dip of 25% from September and 23% down y-o-y.
- Venezuela reported to OPEC a 57,000-bpd fall in its crude output in September to 666,000 bpd, the second lowest monthly figure this year.
- Most of October’s volumes headed to Asian customers.
- Venezuelan exports have been hit by production outages, a lack of sustained investment and shrinking export options because of US sanctions.
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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