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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.
DIESEL
Wood Mackenzie expect diesel/gasoil stocks in northwest Europe to fall over the next two months before a recovery into Q2.
- Supplies are tighter due to spring refinery maintenance, as well as “tight supply from key export hubs, and the Red Sea-Suez Canal disruption impact on flows into Europe,” said Emma Howsham at WoodMac.
- Maintenance at refinery crude distillation units in Europe is reported 110kb/d lower than last year at 440kb/d in Q1 this quarter, Howsham said.
- Demand is however expected to fall roughly 5% in Q1 from a year earlier in northwest Europe.
- Shipments of diesel-type fuel into the EU and UK in January were down from last month and this time last year according to Vortexa data. India and the Middle East supplies are diverting around the Cape of Good Hope to avoid Red Sea transit risks.
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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