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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
Upcoming Asian term-supply negotiations for 2025 may tilt in favour of buyers according to Kpler.
- The era of high refining margins is over, and demand is softening, especially as China’s economic momentum slows.
- China’s seaborne crude imports have hit an 18-months low, with sluggish refinery margins and reduced operational rates leading to lower feedstocks demand, even for Iranian and Venezuelan crude.
- As the Yulong refinery ramps up, it could worsen oversupply in the region.
- Amid weak spot prices, Asian refiners may prefer smaller contracts for greater spot market flexibility, signalling a shift in global oil trade dynamics according to Kpler.
Source: Kpler
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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