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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 fell below the 10mbd mark in November for the first time since February according to Vortexa - the first y/y decrease in crude imports compared to the prior 9-months which have consistently been at least 10% higher.
- Crude imports into Shandong decreased to 2.9mbd in November, compared to the 3.3-3.8mbd registered in the preceding ten months.
- Shandong onshore crude inventories saw a modest reduction of 6mb in the month according to Vortexa, indicating a 500kbd cut in implied crude consumptions among the Shandong teapots.
- China refiners have been hit onto the tail end of the year by tightening crude import quotas as well as tightening oil product export quotas.
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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