MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US January Crude Oil Exports to Asia at Two-Year Low

OIL

US crude oil exports to Asia fell to 1mbpd in January, the lowest level in over two years, as higher freight rates and more competitive Middle Eastern prices weighed on shipments according to Kpler data, cited by Reuters.

  • US crude oil shipments to China fell to 190kbpd in January, the lowest in 13 months.
  • Exports to South Korea remained steady at 494kbpd las month.
  • Overall US oil exports declined to 3.8mbpd last month – the lowest level in one year. January exports tend to be lower as inventories rebuild after a seasonal outflow in December.
  • Some of the crude oil that usually flows to Asia went to Europe instead. The US share of Europe’s crude oil imports rose to the highest on record last month of 55%.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.