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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 PRODUCTS
Europe’s diesel imports are set to surge by 30% on the month in April, driven by delayed arrivals as cargoes divert around the Cape of Good Hope, BNEF said.
- Europe’s total diesel imports are seen at around 960k b/d, with the market looking oversupplied.
- US exports of diesel to Europe could reach close to 300k b/d in April at 296k b/d., boosted by increased refinery runs in the USGC.
- Russian refinery runs are near an 11-month low due to floods and damage from Ukrainian attacks, with diesel exports in April at 990k b/d.
- The sign of the diesel glut in Europe was evident by the flip in ICE gasoil prompt timespreads to a contango structure from April 17.
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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