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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 PRODUCTS
China's total fuel oil imports dipped in May to 2.58 million metric tons, down 3% from April’s decade-high according to General Administration of Customs data.
- May imports were 150% higher than the same month last year.
- The Chinese government has increased inspections to identify instances where crude oil is mislabelled as bitumen blend, a mix of Venezuelan heavy oil and residue fuel used to produce road-paving asphalt.
- The inspections are forcing refiners to turn to fuel oil instead of bitumen blend driving the higher fuel oil imports.
- Chart in metric tons
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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