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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
Diesel and gasoline crack spreads pull back today as record crude processing by refiners in China in August supports product exports while weak demand still weighs on gasoline prices.
- Front month US diesel margin has reversed much of the gains seen in the last couple of days with a build in US inventories earlier this week also helping the ease the upside pressure slightly. The spread reached nearly the highest since Jan at over 57$/bbl this week.
- The US gasoline front month crack is falling down towards the lowest since Jan at 21.26$/bbl seen last week amid falling end of summer demand.
- The US 321 crack has fallen to 32.5$/bbl from nearly 36.5$/bbl earlier this week and 43.75$/bbl on 11 August.
- US 321 crack down -2.3$/bbl at 32.6$/bbl
- US gasoline crack down -1.8$/bbl at 23$/bbl
- US ULSD crack down -3.5$/bbl at 51.81$/bbl
- EU Gasoline-Brent down -0.9$/bbl at 17.94$/bbl
- EU Gasoil-Brent down -3$/bbl at 33.83$/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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