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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 PRODUCTS
India has ramped up refined fuel exports to Europe and became Europe’s largest supplier in April, Kpler data showed.
- India is on track to become Europe’s largest supplier of refined fuels this month at 360kbpd, while simultaneously buying record amounts of Russian crude, according to data compiled by Bloomberg from analytics firm Kpler.
- The EU’s ban on Russian crude oil and oil products does not prevent countries such as India from importing crude and turning into fuels, and shipping it back to Europe.
- “Russian oil is finding its way back into Europe despite all the sanctioning and India ramping up fuel exports to the west is a good example of it,” said Viktor Katona, lead crude analyst at the firm. “With India taking in so much Russian barrels, it’s inevitable.”
- Russian crude oil exports to India are expected to surpass 2mbpd in April, representing almost 44% of the nation’s overall oil imports, according to Kpler data.
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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