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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
Imports of fuel oil and bitumen into Shandong Province are expected more than double on the month to 1.8m mt in November, according to OilChem.
- Straight run fuel oil imports alone are forecast to hit 1.3m mt in November, compared to 0.541m mt in October.
- The surge in exports is the result of depleted crude oil import quotas. Crude quotas also diminished quickly earlier in the year after a crackdown in bitumen imports.
- Preliminary forecasts of bitumen and fuel oil imports is expected to remain high in December due to a continuous lack of remaining crude quotas, changing flows from Venezuela, and rising stockpiling demand in the winter.
Source: OilChem
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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