OIL: Mediterranean Medium-Sour Crude Market Getting Tighter: Kpler
Dec-04 10:24
The Mediterranean medium-sour crude market is getting tighter as Turkey reduces Russian intake and with disruption to supplies of CPC and Urals, Kpler said cited by Bloomberg.
- Sustained Black Sea supply interruption would push refiners toward Middle East and West Africa alternatives, adding support to Dubai and Brent-linked crudes.
- Turkey’s Tupras and Socar are turning to non-sanctioned medium sours such as Kebco, Basrah and some West Africa grades while pulling back from Russian feedstock.
- CPC supply uncertainty creates opportunity for alternative supplies like Mostarda, Kissanje and Dalia from Angola and from Latin America, Kpler added.
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MNI EXCLUSIVE: MNI looks at the BOJ's latest rates policy calculations
Nov-04 10:22
MNI looks at the BOJ's latest rates policy calculations.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
GILT AUCTION RESULTS: Decent long 3-year gilt auction
Nov-04 10:08
Decent long 3-year gilt auction but the lowest accepted price of 100.489 only matched the pre-auction midprice (rather than exceeding). However, with GBP5bln sold and a bid-to-cover of 3.06x that can't be described in any way as a disappointing auction.
GILT AUCTION RESULTS: 4.00% May-29 Gilt
Nov-04 10:06
| 4.00% May-29 Gilt | Previous | |
| ISIN | GB00BVP99566 | |
| Amount | GBP5.00bln | GBP5.00bln |
| Avg yield | 3.845% | 4.095% |
| Bid-to-cover | 3.06x | 2.92x |
| Tail | 0.4bp | 0.8bp |
| Avg price | 100.501 | 99.678 |
| Low price | 100.489 | 99.650 |
| Pre-auction mid | 100.489 | |
| Previous date | 08-Oct-25 |
