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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 travel continues to struggle due to covid restrictions as oil demand uncertainty drives crude oil market volatility.
- China air travel in September was below the 2017-2021 range at about 20m passengers a month compared to the five year average of 44m according to the Civil Aviation Administration of China.
- OAG data shows the combined domestic and international seat capacity for North East Asia (including China) lags the equivalent 2019 period by 32%. The biggest difference is seen in international flights rather than domestic flights.
- An aggregate measure of traffic congestion across 15 Chinese cities fell to 96 compared to the early 2021 baseline of 100 according to Bloomberg calculations.
Source: Bloomberg
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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