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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 oil imports from Russia rebounded in November due to a number of refineries coming back online and higher domestic fuel consumption.
- Figures from Kpler and Vortexa showed a 9% and 5% rise in India's monthly intake of Russian oil in November from the previous month to 1.73 million bpd and 1.68 million bpd.
- Revised October imports from Russia stood at 1.58 million bpd, according to Kpler and 1.6 million bpd according to Vortexa.
- Urals is being bought at around a -$4 to -$5/bbl to Dubai – maintaining a competitive advantage.
- December imports may come in around 1.7-1.8 million bpd or even higher according to Kpler.
source: Kpler/Vortexa via Reuters Graphics
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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