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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.
OIL
Chinese onshore crude inventories have been drawing lower since late July according to Vortexa figures.
- Higher volumes have come out of onshore stocks as prices on global markets have risen while helping to sustain a strong refining backdrop.
- See Vortexa chart for onshore stockpiles.
- Third batch China oil product export quotas released early Septmber are expected to support strong China refinery runs through October.
- China’s fourth batch of crude import quotas for non-state owned refiners totalled 9.54m mt – below expectations according to OilChem Monday.
- Exports of refined products from China in September are estimated to have been 4.01mn mt, up 28% m/m.
source: Vortexa
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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