Free Trial
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.
OIL
CDU capacity utilisation rates at China’s state-owned refineries are projected to keep falling in the week to April 25, according to OilChem.
- This is due to maintenance beginning at the Zhenai refinery.
- At Independent refineries in Shandong, CDU utilisation rates are estimated to tick up slightly, as the Shandong Haihua refinery plans to lift production.
- Capacity utilisation rates at domestic refineries averaged 69.75% the previous week, down 0.66 percentage points from the prior seven days amid extensive overhauls.
- Gasoline demand is expected to weaken as stockpiling for the labour day holiday end.
- Demand for gasoil is likely to be robust as warmer weather facilitates outdoor construction projects.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok