MNI BRIEF: Commodities An Obstacle To Rate Cuts: World Bank

MNI BRIEF: Canada Firms' Price Plans Jump In April- CFIB

MNI BRIEF: Commodities Likely To Hurt Disinflation- World Bank

MNI CBRT WATCH: Turkey CenBank Holds After "Significant" Hike

MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

CBI Reported Retail Sales At Cycle Lows

MNI: UK CBI APR DIST TRADE REPORTED SALES -44

France Manufacturing Sentiment Reverses Year-To-Date Gains

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

China Doubles Urals Purchases in H1 Feb vs H1 Jan

OIL

China has doubled the pace of Russian Urals purchases in the first half of February compared to the same period in January according to Refinitiv.

  • About 0.8 million tonnes of Urals oil loading from Russian ports during Feb. 1-15 are heading to China compared to some 0.4 million tonnes of the grade during the same period of January.
  • India still remains a leader in Urals oil purchases: about 1.5 million tonnes of Urals oil loading in the first half of February are heading to Indian ports. During the first half of January India received about 1.9 million tonnes of seaborne Urals oil.
  • Other seaborne Urals oil cargoes loading in the first half of February are headed to Turkey and Bulgaria.
  • Seaborne supplies of Urals crude bound for China in January rose to some 230,000 bpd, the highest pace since June 2022.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.