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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
Russia's seaborne crude exports dropped 9% to their lowest level in 15 months and below 3mbpd in the first month of the EU ban and price cap according to Kpler data.
- Exports fell 266kbpd from 3.05mbpd in November to 2.79mbpd in December.
- India and China accounted for 82% of Russian seaborne crude exports last month. India was the top importer with 1.3mbpd and China imports remained steady at 950kbpd.
- South Korea imports nearly doubled to 44.72kbpd while Japan imported the first crude since Jun 2022 at 22.6kbpd.
- Italy cut its imports by 71% to 34kbpd and imports to the Netherlands have halted completely.
- Bulgaria imported 160kbpd and Turkey imports fell 56% to 76.5kbpd.
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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