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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
China accelerated Russian crude liftings ahead of the December 5th sanctions on Russian exports according to Vortexa.
- China has been leaning on a higher proportion of cargoes from the Far East of Russia rather than bringing in crude from the Baltic and the Black Sea.
- In the most recent period, it is evident as the share of ESPO Blend has been much higher, with fewer Urals cargoes making these longer journeys to China at the moment as freight rates soar.
- The latest volumes of Chinese crude imports have sat at 1.15m bpd, a 30,000 bpd increase month over month.
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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