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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 Independent refineries’’ gasoline and gasoil production will fall 7.24% and 4.68% respectively on the month in June, according to OilChem models.
- This would put June’s gasoline and gasoil production at 3.68m mt and 7.26m mt respectively.
- The collective production of both products and China’s teapots is likely to be down by 2.94% on the year in Q2, attributed to intensive maintenance during that period.
- A total of 15 teapot refineries were overhauled in June, taking around 3.57m mtpa offline.
- Crude throughput is seen at 19,04m mt in June, down 5.35% on the month and 8.1% on the year.
- Weaker demand is also weighing on production, with China’s gasoline and gasoil consumption forecast to be down 4.34% year-on-year in June at 32.4m mt.
- This is due to the competitiveness of other energy sources, OilChem said.
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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