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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
(MNI LONDON) - China crude imports from Malaysia were at record 1.511mbpd in June (Malaysia crude production is around 0.5mbpd)
- China imported zero barrels from Iran and Venezuela in June based on the customs office data but Malaysia is well known to be reexporting sanctioned barrels to China to try and hide their origin.
- Iran’s crude/condensate exports reached 1.3mn bpd in June, down from a sanction era record of around 1.5mn bpd in May.
- Increased exports from Iran are pulling floating crude/condensate lower – steadily releasing since the middle of last year at around 185,000 bpd according to Kpler.
- Chart – Chinese crude imports from Malaysia from customs data
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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