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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.
OIL PRODUCTS
Opportunities are emerging for Russian fuel oil to be imported into Asia after western sanctions disrupted flows February 5.
- China's imports of Russian fuel oil are expected to hit a record high of 5.62 million barrels in February according to Kpler, up from 3.89 million in December, which was the previous all-time high.
- Kpler places India’s imports of Russian fuel oil at 4.484 million barrels arrived in January which was the second-highest on record behind 4.88 million in October, and more than three times the 2021 average of 1.45 million barrels a month.
- At 1.49 million barrels in February, Russian naphtha arrived into India at a record high.
- The UAE is expected to import 3.0 million barrels of Russian fuel oil in February and 4.34 million in March, according to Kpler, up from 750,000 barrels in February last year.
- Saudi Arabia's imports of Russian fuel oil are expected to reach 1.98 million barrels in February, up from 370,000 barrels in the same month last year.
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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