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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 PRODUCTS
Russian fuel oil exports are headed to China at a record pace this month.
- It is set to sell over 350,000 barrels of fuel oil to China in May according to Kpler.
- China has been picking up higher fuel oil volumes from Russia when western sanctions around the grade tightened.
- The purchases have recently skyrocketed as Shandong province started conducting quality checks on bitumen mixture according to Bloomberg pushing buyers onto other grades.
- Russia supplies about 35-40% of all China’s fuel oil according to Kpler.
- Non-state refiners have used up around half of their current fuel oil import quotas according to Energy Aspects.
source: Kpler via Bloomberg
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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