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Chinese crude oil imports from Russia hit record highs in April - China customs Dhwani Mehta

09:23 23 May /2016 Forex

China customs published their latest oil price report, revealing that the Chinese crude imports from Russia hit record highs on daily basis in April.

Key Findings:

+52.4% yy at 1.18m bpd vs prev record 1.13m bpd in Dec

April crude oil imports from Iran down 5.13% yy at 671,176bpd

Imports from Saudi Arabia down 21.8% yy at 1.0m bpd

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GBP/JPY attempts recovery ahead of UK PM May’s speech

The GBP/JPY cross is attempting a break above 137.58 (50% fib retracement of Nov 9 low - Dec 15 high) ahead of the UK PM May’s speech, which could offer insights into whether the government is ready for ‘hard Brexit’.Supported by monthly 5-MAThe se

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RBA’s Harper: “I'd like to see the AUD rate weaker “ Dhwani Mehta

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05:23 17 January /2017 Forex

OPEC’s Sec-Gen Barkindo: Stability to the oil market will be restored this year Dhwani Mehta

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05:00 17 January /2017 Forex