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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
Chinese imports of Russian oil rose by 22% in September y-o-y at 7.46 mn tonnes or 1.82 mn bpd.
- The import pace of crude from Russia eased from 1.96 mn bpd in August and compared to the record high of nearly 2 mn bpd in May.
- Saudi remained China’s top supplier at 7.53 million tonnes or 1.83mn bpd in September. It compares to 1.99mn bpd in August and was 5.4% lower than a year prior.
- West African flows have been muscled out by those from Russia, dropping by 36% y-o-y.
- In the first nine months, Saudi Arabia was the top crude supplier to China with volumes of 65.84 million tonnes, down 1% on the year. Russian volumes came in second at 64.26 million tonnes, up 9%.
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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