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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 crack spreads are drifting lower with the gradual return of US Gulf Coast refinery operations following the winter disruption easing the upside pressure on diesel.
- High refinery runs and weak demand had gradually eased supply pressures since the start of November as global distillate stock levels have recovered.
- Data released this week showed European ARA Gasoil stocks up from 29.7% below the five year average at the start of November to 11.2% below. US distillate stocks are up from 23.7% below to 7.7% below and Singapore Middle Distillates up from 41.5% below to 27.3% below.
- US 321 crack down 0$/bbl at 33.89$/bbl
- US gasoline crack up 0.5$/bbl at 21.92$/bbl
- US ULSD crack down -1.1$/bbl at 57.8$/bbl
- EU Gasoline-Brent up 1$/bbl at 8$/bbl
- EU Gasoil-Brent down -0.9$/bbl at 35.28$/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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