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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
The ~1.4mn bpd of Malaysian crude imports into China in May – a record high – is mostly rebranded Iranian oil according to Bloomberg.
- China listed its imports from Iran at zero, instead using Malaysia to try and hide its identity.
- Exports from Malaysia are running at around triple Malaysia’s crude output.
- Crude exports out of Iran hit 1.6mn bpd in May according to Kpler figures – a five year high and double the levels of last Autumn.
- The EIA placed production levels at 2.9mn bpd, the highest since late 2018. SVB, Petro Logistics and FGE placed output higher still at 3mn bpd.
- Chinese demand is helping to serve as an outlet for growing Iranian production.
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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