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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 fuel oil imports to remain strong in 2023.
- Chinese independent refineries are likely to keep importing fuel oil for use as a feedstock for the remainder of 2023, according to S&P Global Commodity Insights.
- This will compensate for the tight crude quota availability. Import quotas for private refiners were set at 243m tons for 2023.
- Independent Chinese refineries increased fuel oil imports in June to at least 1.32 million mt, up from 80,000 mt in from June 2022 and slightly below the high of 1.59 million mt seen in April, S&P Global data showed.
- Importing fuel oil is also subject to quotas, capped in 2023 at 16.2 million mt for non-state-run companies.
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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