Free Trial
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
VLCCs are seeking alternative cargoes due to the decline in Mideast Gulf exports, with many now focusing on the Atlantic according to Vortexa.
- This shift in trade patterns reflects the changing dynamics of global oil transportation.
- Middle East production cuts, including Saudi Arabia's extension of an additional 1mbpd, will result in the lowest regional net balance in three years until August.
- The production cuts aim to stabilise the oil market and address supply-demand dynamics.
- Despite the rising production levels in the Atlantic basin and a viable west-to-east arbitrage, weak demand in Asia could limit export opportunities to intra-regional trade.
Source: Vortexa
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok