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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
European gasoline shipments are gaining in May after persistent weakness through 2023 according to Vortexa data compiled by Bloomberg.
- Gasoline and blending component exports from Europe surged to about 1.35 million bpd in the first 10 days of May – 14% higher than the same period a month prior.
- European shipments to the US have slipped however after reaching an 11-month high in April. US stockpiles remain weak ahead of the summer driving season which is expected to prompt higher demand in the near term.
- Along with Canada, Europe is one of the biggest gasoline suppliers into the US East Coast.
- Shipments to WAF and Latin America have been stable while flows to North Africa have risen.
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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