MNI BRIEF: US Labor Costs Increase 0.9%, Below Expectations

MNI BRIEF: ADP's Richardson Sees Normalizing US Labor Market

CANADA FLASH Q2 GDP ANNUALIZED +2.2%

MNI China Daily Summary: Wednesday, July 31

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI Chicago Report™: 17% of Firms Have Sped Up Plans For Holiday Season

MNI Chicago Report™: Around 37% of Respondents See Growth Between 0-5%

Chicago Business Barometer™ - Decreases to 45.3 in July

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russian Share of Total Crude Imports to India up 42%

OIL

Imports of cheap Russian oil to India in May have surpassed the combined purchases from traditional suppliers such as Saudi Arabia, Iraq, the UAE, and the US.

  • India imports from Russia in May increased 15% from the April peak to an average of 1.96mbpd at a record high of 8.6m tonnes according to Vortexa. Russia now accounts for 42% of India's total crude oil imports.
  • The rise in Russia's market share in India has coincided with a corresponding decline in oil shipments from Middle Eastern sources. The share of oil imports from the OPEC reached an all-time low of 39% in May. Saudi Arabia's shipments fell to the lowest level since February 2021 at 560k tonnes.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.