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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
Chinese crude imports recovered through the tail end of last year as the government released import quotas to encourage refiners to boost production.
- Chinese policy favored more integrated and technologically advanced refining complexes versus inefficient plants which are being phased out by removing their import quotas.
- Crude buying by China has leant more heavily on discounted grades such as those from Russia and Iran.
- Iranian crude arrivals surged to a new record in December according to Vortexa, with the lion’s share finding home in Shandong province. Sluggish domestic demand and depressed refining margins have encouraged refiners to turn towards discounted grades.
- Iranian and Russian crude exporters are set to benefit from the resurgence of the Chinese economy with both countries struggling to place their crude into other markets due to a combination of sanctions and slowing demand.
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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