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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
The inclusion of US WTI Midland crude into the North Seas cargoes for the Dated Brent Benchmark has increased volume by approximately 7.7mbbls for the first half of June according to Bloomberg last week. The volume is the same as the combined volume from the five North Seas grades.
- The inclusion should also improve the depth of the market with Koch Supply and Trading already seen returning after limited participation in recent years.
- A supertanker carrying US crude conducted an unusual ship to ship transfer off the Scottish Coast onto a smaller Aframax vessel on Friday. The transfer is the first at this site since Jan 2019. The Platts Dated Brent assessment only includes cargoes on board Aframax tankers, even if transferred from a bigger vessel.
Source: Bloomberg
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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