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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
CDU utilisation rates are projected to stay flat in the week to Feb. 1, while refined oil production is also likely to remain flat, according to OilChem.
- Independent refineries in Shandong are expected to fall as the smaller teapots cut run rates as Chinese New Year holiday approaches.
- An independent refinery in Guangdong will also go fully offline for maintenance from the end of January.
- Gasoline demand is expected to remain robust during peak travel as Chinese New Year holiday approaches. End-suer demand is still poor, but stockpiling is expected to rise.
- Capacity utilisation rates at domestic refineries 72.75% in the week to Jan. 25, was up 0.2 percentage points from the week prior.
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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