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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
Higher crude imports into China are expected in the months ahead with 9.3mn bpd of oil being loaded on vessels in October to head to China according to Bloomberg vessel tracking. It is the highest monthly pace since December 2021.
- The world’s biggest crude importer pulled in 43.14mn tons of crude in October – 4% higher than September and the most since May.
- A higher refined product export quota and cuts in official selling prices from Saudi for Asia have prompted buying activity though commitment to a zero covid policy has hampered domestic demand this year.
- Despite the increased fuel export quota, China’s net fuel exports fell 43% in October from a month earlier, separate data released Monday showed according to Bloomberg.
- Chinese refinery run rates were at 76.4% of capacity on Nov. 3 according to OilChem.
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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