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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.
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Free AccessEast Coast Distillate Imports Ramping Up
At least 11 vessels carrying up to 3.6 million barrels of distillate, which includes low-sulfur diesel and home heating oil, will arrive in New York Harbor in late November and early December, according to Reuters sources.
- Most of the shipments are arriving from Europe. The 11 vessels are carrying the equivalent of 4% of all the East Coast distillate fuel imports in 2021.
- East Coast distillate stocks are hovering near 21.8 million barrels, the second-lowest level in a decade.
- Line 2 of the Colonial Pipeline, which carries fuel products from the Gulf Coast to the East Coast, is fully booked.
- Buying activity for distillate fuels has increased ahead of winter.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.