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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 retail gasoline prices are up at $5 a gallon with no change yet in the strength of the market refined product crack spreads.
- Both US and European diesel cracks have traded at record highs once again this morning. US spread to a high of 75.4$/bbl and the Gasoil-Brent spread to 53.3$/bbl.
- US 321 crack up 1.5% at 56.41$/bbl
- US gasoline crack up 2.1% at 47.106$/bbl
- US ULSD crack up 0.6% at 75.017$/bbl
- Brent FCC margin down -0.7% at 25.22$/bbl
- Gasoline-Brent down -0.2% at 40$/bbl
- Gasoil-Brent up 0.9% at 53.03$/bbl
- US officials are considering ideas to reduce the high pump prices saying they will use all reasonable and appropriate tools to increase refining capacity and output. A proposal under consideration is to limit foreign sales of petroleum products. US Energy Secretary Jennifer Granholm is due to meet with oil refiners on 23rd June to discuss ways they could increase output.
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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