Free Trial

Chinese Crude Influx in June Helps to Build Stockpiles

OIL

China’s seaborne crude imports came in at 11.4mbd in June, up more than 40% year-on-year and just shy of the unusually high imports in June 2020 according to Vortexa.

  • The country’s onshore crude inventories stood at 980mb at the end of June, only 20mb below the all-time high recorded in August 2020.
  • It translates to an average stockpile increase of 1mbd in May and June.


source: Vortexa

To read the full story

Close

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.