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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
China’s seaborne crude imports in July (days 1-15) came in at 11.2mbd, just shy of the multi-year high imports seen last month according to Vortexa.
- Its projections indicate that number will fall below 11mbd for the month of July.
- Higher Chinese imports are building domestic stock levels, indicating the imports are not driven by underlying strong consumption.
- These high imports and subsequent stock builds seem to be an insurance for Chinese refiners expecting domestic demand to improve, while global crude supply starts getting tighter in the coming months according to Vortexa.
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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