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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
Crude oil sourced by state-owned refineries in China has progressively leaned more heavily on OPEC (excluding Iran and Venezuela) origins according to Vortexa. Refinery runs in the country have been ramping up as restrictions eased.
- Saudi Arabia has been the leader of the China-bound export surge, with close to 1.9mbd recorded on Mar 1–17, up 20% from the previous two months – despite an increase in March OSP’s.
- For the VLCC market, this has enabled recent freight rates from the Middle East to China and West Africa to China (TD3C and TD15) to more than treble from January to March.
source: Vortexa
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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