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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
China’s crude oil imports in March rose to the highest level since June 2020 as refiners stepped up runs to capture fuel export demand and in anticipation of a domestic economic recovery, data from the General Administration of Customs showed.
- Crude imports in March rose to 52.3mn tons, or 12.37mbpd, up by 16% from February levels.
- Refined product exports rose to 5.5mn tons in March, compared with 4.1mn tons in March 2022.
- Total crude imports for the first quarter stood at 136.6mn tons, up by 6.7% from the same period last year.
- "Refined fuel exports will increase, as currently the margins on exported gasoline are quite positive," said Xu Peng, a refined products analyst at China-based commodities consultancy JLC.
- Crude imports from Russia rose to a record of 1.46mbpd, with Chinese buyers taking their biggest volumes of Urals ever at 586kbpd, Kpler data showed.
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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