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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
Chinese imports of Russian crude came in at 7.72 million tonnes in October according to General Administration of Customs data on Sunday. It is the equivalents of 1.82 million bpd – steady with September but remains shy of the near 2mn bpd record in May.
- Chinese imports of Russian oil were 16% higher in October than a year prior.
- Russian Urals purchases by Chinese buyers have slowed recently in the run up to EU sanctions and an expected announcement on a price cap.
- Saudi shipments rose 12% from a year earlier to 7.93 million tonnes in October, or 1.87 million bpd, versus September's 1.83 million bpd.
- Saudi remained China’s top supplier in October.
- Arrivals of crude oil from the United States jumped more than fivefold in October from a year earlier.
(in metric tonnes)
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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