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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.
WEATHER
Tropical Storm Francine’s path threatens to impact around 1.3m b/d of oil output and 1.4 bcf/d of gas output, according to Bloomberg calculations.
- The storm’s path intersects with 50 major oil and gas platforms including: Mars, Enchilada, Mad Dog, and Neptune.
- Tropical storm Francine - the 6th named storm of the 2024 hurricane season - is expected to make landfall in Louisiana as a hurricane by Wednesday according to the Chief meteorologist at WINK NEWS, Matt Devitt.
- The US Coast Guard Houston-Galveston sector is suspending inbound boardings for Houston, Galveston, and Freeport, as of 2pm local time, according to a note from Moran Shipping, cited by Bloomberg.
- Port Fourchon is beginning voluntary evacuations in anticipation of tropical-storm force winds within 72 hours due to storm Francine, Bloomberg.
See main wires headlines because of Francine:
- “Exxon shuts in Hoover oil platform in Gulf of Mexico”
- “Chevron evacuates non-essential staff from four platforms in the US Gulf of Mexico”
- “Shell pauses some drilling operations at Perdido and Whale assets in Gulf of Mexico as storm approaches”
- Shell also began evacuating non-essential personnel from its Gulf of Mexico Enchilada/Salsa and Auger offshore facilities as tropical storm Francine approached, the company said.
- “Port Of Corpus Christi Increases Hurricane Readiness Status to Level 3 Due To Active Tropical Conditions Anticipated In Gulf Of Mexico”
- Freeport LNG, which operates the nation's second-largest LNG export plant, said it had begun storm preparations without providing details, Reuters reported.
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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