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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
Russian crude and fuel oil exports to China reached a record high last month according to Kpler as its economy resurfaces from lockdowns.
- Russia’s overall crude and fuel oil exports to China reached 1.66 million barrels a day last month, according to Kpler, surpassing the record pace of April 2020.
- The buying spree is understood to be underpinned by private refiners, but state refiners are showing more interest in Russian volumes too.
- China has dominated buying of ESPO crude, buying the entire monthly loading schedule in January. It ships from Russia’s eastern ports and is much quicker to import into the Chinese market than some of the other grades.
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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