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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
Refined product crack spreads continue to slide after IEA data adds to the economic concerns.
- EIA data showed the 4 week average implied demand of both finished gasoline and distillate is drifting away from 5- year average levels which could be a sign of the impact of high pump prices on consumption.
- Refined product cracks spreads were already falling in recent days over fears over the impact of high inflation on the economy.
- US 321 crack down -2.4$/bbl at 45.92$/bbl
- US gasoline crack down -2.1$/bbl at 42$/bbl
- US ULSD crack down -2.8$/bbl at 53.77$/bbl
- Brent FCC margin down -1.4$/bbl at 15.48$/bbl
- Gasoline-Brent down -1.9$/bbl at 37.38$/bbl
- Gasoil-Brent down -1.3$/bbl at 38.53$/bbl
Source: EIA/Bloomberg
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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