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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.
REFINING
China added about 850,000 bpd to either commercial or strategic stockpiles in August, according to Reuters calculations based on official data.
- July’s inventories built by 290,000 bpd.
- Crude imports were 9.5 million bpd in August, based on official data, up 8.1% from July’s 8.79 million bpd in July, but they were still down 9.4% from August 2021.
- For the first eight months of the year, crude available from imports and domestic output was 14.51 million bpd, while refinery processing was 13.06 million bpd, meaning about 1.46 million bpd was added to stockpiles.
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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