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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 PRODUCTS
China’s exports of refined oil, including gasoil, and jet fuel totalled 2.80m mt in June, down 0.05m mt in May, according to OilChem.
- Exports fell slightly amid poorer export profits. Gasoline export profits were down around 77.7% compared to May.
- By comparison, China’s refined oil exports were planned at 3.60m mt in June, down 12.26% on May’s planned exports.
- Refined oil product exports in July are planned at 3.25m mt, while actual exports are forecast at 3.2m-3.5m mt.
- Gasoline export profits are expected to rebound slightly amidst the consumption peak in the US which will lift prices in Asia too. Domestic demand is also expected to rebound during summer travel season.
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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