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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
South Korea imported 695,859 bbls of crude from Russia in May, down 84.3% from 4.44 mn bbls imported a year earlier, data from Korea Customs Service showed this week.
- May shipments marked the lowest monthly Russian crude imports since November 2006.
- South Korean importers still have term contracts for Russian crude but they are being wound down.
- South Korea's overall crude oil imports in May fell 1.8% year on year to 79.51 million barrels, or 2.56 million b/d.
- Over January-May, South Korea's crude imports were up 9.5% year on year at 425.03 million barrels.
- Crude imports from top supplier Saudi Arabia, except shipments from the Saudi-Kuwaiti Neutral Zone, jumped 33.5% year on year to 30.74 million barrels in May.
- South Korea's US crude imports in May were flat year on year at 9.294 million barrels.
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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