MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

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CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

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MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

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Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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End of Day Oil Products Summary: Diesel and Gasoline cracks Up

OIL PRODUCTS

Diesel and gasoline markets again edged higher with low stocks supporting prices despite the small gains in US inventories seen in the data this week.

  • ARA Stocks According to Insights Global (all in thousand metric tonnes):Gasoline: 1,337, -114, Naphtha: 235, -21, Gasoil: 1,995, -63, Fuel Oil: 1,266, -14, Jet Fuel: 682, -32
  • The gasoline unit impacted by an unplanned outage at TotalEnergies Antwerp refinery could last for “several weeks”.
  • Indian diesel exports to Singapore are set to hit a 19-month high in August, above 330,000 metric tons according to various vessel tracking firms.
  • The volume of Russia’s oil products output fully meets current demand for fuel, the Energy Ministry said Aug. 24.
  • GASOLINE - Prompt time spreads for gasoline in Asia jumped to the widest levels since July 2022 on rising supply concerns amid low stockpiles. Planned and unplanned refinery outages in the region threaten supplies in an already tight market.
  • Gasoil SEP 23 up 0.1% at 913.75$/mt
  • US gasoline crack up 0.2$/bbl at 29.17$/bbl
  • US ULSD crack up 0.6$/bbl at 51.86$/bbl
  • Singapore Gasoline-Dubai up 1.6$/bbl at 16.312$/bbl
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