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.
Russia remains the biggest crude supplier for China for a second month running in June according to Chinese General Administration of Customs out today.
• Russian crude imports totalled 7.29 million tonnes in June, up nearly 10% from a year ago.
• At an equivalent of around 1.77mn bpd, Russian supplies were below May’s pace of close to 2mn bpd.
• China imported 5.06 million tonnes from Saudi Arabia, or 1.23 million bpd, down from 1.84 million bpd in May and 30% below the level in June last year.
• Lockdowns in China has resulted in overall crude imports tumbling to a near four-year low.
• The data showed China imported 260,000 tonnes of Iranian crude oil last month, its fourth shipment of Iranian oil since last December.
Chinese Imports from Main Suppliers {In mbpd)
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.