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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
Indian refiners crude processing rose by around 7.4% in September versus a year prior based on the latest provisional government data whilst also nudging higher on a monthly basis.
- •Throughput was about 4.78 mn bpd (19.55 million tonnes) in September, up from 4.62 mn bpd reported in August.
- •Refineries saw capacity utilisation jump to 94.7% in September this year, compared with
- 88.9% in the previous year.
- •India has shown little intent to join the G7 price cap on Russian crude, instead taking advantage of cheap Urals despite saying they are looking at the groups proposals.
- •Indian product demand has grown since the end of the monsoon season and helped by cheaper prices than earlier in the year.
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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