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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
Diesel is again lower in Asia, Europe and US on concerns for lower demand, refining focus on diesel production and a potential increase in product exports from China.
- Diesel cracks spreads continue lower today following drops of between 16$/bbl and 20$/bbl since last week.
- Gasoline margins are also down today although have held relatively steady this week after falling considerably during August on disappointing summer demand.
- US ULSD crack down -1.4$/bbl at 49.25$/bbl
- EU Gasoil-Brent down -0.8$/bbl at 31.07$/bbl
- Singapore Gasoil-Dubai down -3.1$/bbl at 24.59$/bbl
- US gasoline crack down -1.4$/bbl at 15.56$/bbl
- EU Gasoline-Brent down -0.7$/bbl at 3.21$/bbl
Source: 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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