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Why MNI
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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.
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China Issued First Batch of 2024 Crude Import Quotas
China has released the first batch of 2024 crude oil import quotas to 11 non state-owned refineries in mid-December with a total volume of 3.68mn tons according to OilChem.
- Refineries received the first batch of quotas after an application based on their demand projections. The first batch will only be valid until the end of this year.
- Platts reported on 11 December that China is allowing crude oil import quotas for 2024 to be used by independent refineries in December. Few refiners are interested to apply for the advance despite the tight availability in 2023 suggesting it is too late to boost imports in Dec according to sources. Five out of six quota holders said they will not be applying, and one did not comment.
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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.