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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
Gasoline and Diesel margins are lower after EIA showed soft implied demand data.
- The 4-week rolling average for gasoline showed little recovery after falling towards 2020 levels last week. Distillates implied demand had so far been more robust over the summer but has this week also turned downwards.
- Crack spreads, especially diesel have reacted negatively to the data with both gasoline and diesel spreads now trading lower on the day.
- US 321 crack down -1.5$/bbl at 30.6$/bbl
- US gasoline crack down -0.9$/bbl at 13.69$/bbl
- US ULSD crack down -2.3$/bbl at 64.36$/bbl
Source: MNI / EIA
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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