Free Trial
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
The Russian ESPO crude discount for Chinese refiners has narrowed from last month.
- Chinese teapot refiners have purchased several cargoes of ESPO crude for August on a delivered basis to Shandong at a discount of $4-$4.50/bbl to the ICE Brent price according to Bloomberg sources.
- The discount compares to shipments for July traded at around a $5-$6/bbl discount to ICE Brent on a delivered basis.
- June total imported feedstock oil arriving via ports in Shandong & Tianjin increased 13.06%MoM to 12.26mt according to OilChem. Crude oil was up 15.67% MoM to 10.33mt while feedstock grade fuel oil was down 5.49% MoM at 1.28mt.
Source: OilChem
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok