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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 gasoline and gasoil prices are expected to see pressure from flatlining demand and bearish market sentiment, according to OilChem.
- This is despite both products likely seeing a demand deficit in October, although the scale is now lower than previously expected.
- Gasoline and gasoil prices in China fell by 2.26% and 2.3% respectively during China’s Golden Week holiday, driven by a broader fall in global oil prices.
- China’s gasoline production is expected to fall by 1.82% in October when compared to September levels, totalling 15.1m mt. This is due to lower production at state-owned refineries. Meanwhile, Chinese gasoline demand is forecast to be 15.85m mt, with OilChem thus predicting a supply deficit of 0.75m mt.
- Gasoil production is likely to rise 4.8% on the month to 20.95m mt, while demand is forecast at 21.6m mt, leaving a deficit of 0.65m mt.
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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