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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
US refiners are expected to keep producing too much gasoline In the months ahead, causing prices to keep finding downward pressure despite higher oil prices according to OPIS analyst Tom Kloza.
- Meanwhile, “heating oil and diesel prices could really catch fire” he said. “We have very low inventories in Europe and very low inventories in the US” Kloza said.
- As refiners push runs to produce more distillate barrels, US refiners will produce too much gasoline for winter demand.
- GasBuddy data showed the US national average price of gasoline fell to $3.45/gal over the weekend – the lowest since late March.
source: GasBuddy
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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