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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
A new source of Russian crude has emerged for India this year – the West Arctic Ocean, according to Vortexa.
- Aframax tonne-miles out of the West Arctic Ocean were typically directed towards Europe, something that has changed in the months following Russia’s invasion of Ukraine.
- “Given the short distance from Murmansk to Kola Bay (where ship-to-ship transfers can occur), even if we see more ice in the Arctic this winter, Russia’s current ice-class fleet will likely still be able to accommodate these flows via STS. Thus, independent of the weather, this new route could further support utilisation of Aframax and Suezmax tankers going forward,” an update from Vortexa stated.
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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