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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
India has intensified discussions with the US to ensure its oil supplies in the event Russia faces additional sanctions, government officials and analysts said.
- India has substantially increased its crude oil imports from the US, with its share in India's crude basket hitting a record 0.88mbpd in Dec, commerce ministry data showed.
- "US crude oil exports to India will be in focus in 2023 as trade flows reshuffle and the market remains volatile," Sumit Ritolia, senior South Asia oil analyst at S&P Global, said.
- "US SPR releases have widened the WTI-Brent spread, making North American crudes more appealing to Indian refiners," Ritolia added.
- "India is aiming to pursue an oil import policy to boost crude oil supplies from both the US and Russia, while stepping up efforts to diversify the crude basket,"Ritolia said.
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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