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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.
ENERGY SECURITY
South Korea, the world's fourth largest importer of crude oil, and a major importer of Russia oil, is on course to sharply reduce crude imports from Russia by the end of 2022 despite no official ban on imports enacted by Seoul.
- Per S&P Global: Shipments from Russia were cut by 40% year on year in March 2022.
- S&P Global: 'South Korean refiners indicated that they could still make purchases from Russian entities as Seoul has not officially banned any energy imports from Russia, but the companies see plenty of trade hurdles ahead, while they also aim to maintain good corporate reputations.'
Chart 1: South Korea Russian Oil Imports (Korea National Oil Corp)
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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