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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
China’s seaborne crude imports came in above 10mn bpd in March – the first time since October of last year according to Vortexa.
- March saw a 280kbd increase in crude imports m/m, while onshore crude inventories rose by 2.5mb (or 80kbd) – indicating a moderate pickup in crude throughput.
- The implied throughput increase of 200kbd is notably lower than the 650kbd and 1.17mbd recorded in the same period in the past two years Vortexa said, reflecting subdued oil demand below seasonal norms.
- See chart for China seaborne crude imports vs onshore stocks.
Source: Vortexa
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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