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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
India shipped in 863,950 bpd of crude from Saudi Arabia in August, up 4.8% from the previous month, while purchases from Russia fell 2.4% to 855,950 bpd according to industry and trade data.
- It puts Saudi Arabia as the second biggest supplier to India for August after a three-month gap getting pipped by Russian flows. Iraq retained top spot in August.
- India's overall crude imports in August declined to a five-month low of 4.45 million bpd, down 4.1% from July, due to maintenance at some refineries.
- African oil's share in August halved to 4.2% while Latin America's share fell to 5.3% from about 7.7%.
- Russian oil accounted for about 16% for India's overall imports in April-August, the first five months of this fiscal year, at 757,000 bpd compared with 20,000 bpd a year earlier, or a 0.5% share.
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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