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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
AChina’s Shandong refiners are bringing forward planned maintenance due to bearish margins - curtailing imports of discounted crude.
- The country’s peak refinery maintenance is also boosting its naphtha imports according to Vortexa.
- Asia’s imports of refined products reached a one-year high in April – China has led as the largest importing country so far this year.
- Shandong refiners have access to higher levels of discounted barrels due to strong Iranian flows and Venezuelan barrels coming back following the reimposition of sanctions. Chinese refiners also showed less demand for Russian barrels in April. (see chart)
Source: Vortexa
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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