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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.
REFINING
Front month refinery margins in Europe and Asia rose by $1.70/bbl and $0.50/bbl in the past week respectively according to Onyx Flux, as crude weakness outpaces declines in oil products, while tighter supplies amid Red Sea diversions and European refinery maintenance as well as drone attacks on Russian energy infrastructure added support to margins.
- European refinery maintenance in 1H 2024 is expected to peak at around 1.2mbpd in April according to Energy Aspects.
- In recent weeks, Ukraine launched drone attacks on Russia’s energy infrastructure including the Nevsky Mazut refinery, a refinery in Yaroslavl and the Ust-Luga and Tuapse facilities.
- Singapore Gasoline-Dubai up 0.4$/bbl at 15.024$/bbl
- Singapore Gasoil-Dubai down -0.2$/bbl at 27.3$/bbl
- Brent FCC margin down -0.2$/bbl at 13.85$/bbl
- EU Gasoline-Brent up 0.1$/bbl at 17.36$/bbl
- EU Gasoil-Brent down -0.1$/bbl at 30.89$/bbl
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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