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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
Global diesel liftings setting global records – major refining sectors focused on diesel production.
- Overall oil demand continues to disappoint, led by naphtha, but increasingly also gasoline and jet/kero. As for diesel, Vortexa data sees some strong pockets of surging imports that may be related to actual consumption, i.e. South America or Australia.
- Additionally Vortexa has observed a huge yield shift to diesel, as illustrated by product exports from key refining hubs. Diesel liftings from the US Gulf, Europe, and NE/SE Asia over July and August stood at 6.4mbd, up by close to 1.5mbd or 30% from a low point in Jan/Feb this year. All other product liftings were essentially unchanged.
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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