Free Trial
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
India’s imports of Russian crude oil fell in October while imports from Iraq also fell but Saudi Arabia increased according to Kpler data.
- Total crude supplies to India increased 6% in October to 4.4mbpd with the end of maintenance at several facilities.
- Shipments from Saudi Arabia almost doubled with monthly volumes to state refiners adjusted to meet annual purchase obligations under term deals.
- Russia remains the biggest supplier of seaborne crude but shipments fell 11% on the month to 1.58mbpd in October. Reliance Industries Ltd. bought the least crude since September 2022 because of scheduled maintenance at several units of its Jamnagar plant according to Bloomberg. Imports from Russia set to rise to about 1.8mbpd in November according to Viktor Katona at Kpler.
Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok