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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 PRODUCTS
China's refiners are optimistic about domestic oil product demand in Q4 2022 and into 2023 as China emerges from covid restrictions according to the China panel at the Asia Pacific Petroleum Conference.
- Manufacturing and infrastructure construction have supported gasoil demand, but gasoline and jet fuel demand will not increase until covid restrictions have eased and international travel resumed.
- They expected oil demand to increase from Q3 to Q4 with growth into 2023 due to the low demand levels during 2022. China's gasoil demand in 2022 is expected 0.3% lower year on year to 4mbpd, gasoline down 7.7% to 3.3mbpd and jet fuel down 28.3% to 506kbpd according to S&P Global.
- China has set a target of capping China's refining capacity at 20mbpd in 2025, S&P Global data showed.
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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