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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 PRODUCTS
Global oil product exports have been surging over the last two months, pointing to ample refining capacity and easing supply pressure according to Vortexa.
- Worldwide seaborne exports of all products, including everything from ethane to asphalt, jumped to a new record of 35.4mbd in December.
- Core refined product (naphtha, gasoline, jet/kero, diesel, fuel oil and refinery feedstocks) exports reached a multi-year high of 24.2mbd in December, up by nearly 2mbd vs October levels.
- China, India and Middle East were the dominant contributors to the export surge.
- Russia saw a 1.4mbd hike in diesel exports over the past two months as flows to Europe were maximized ahead of the Feb 5 ban.
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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