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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 PRODUCTS
Due to fuel oil tightness, Shandong teapot refiners are feeling the pain as the price of Russian HSFO increases according to Voertxa.
- Refiners are turning to other barrels as feedstock, especially Iranian crude. Russian barrels are becoming less appealing as discounts erode.
- Kpler earlier today reported Iranian crude exports at 1.43mn bpd in August, 400 kbd high m/m.
- It added that China had received 90% of its oil exports year to date.
- See chart for falling HSFO/RFO imports into Shandong.
source: Vortexa
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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