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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.
OIL PRODUCTS
The gap between diesel and light distillate fortunes in Europe is apparent in seaborne import levels as imports of diesel surge ahead of Russian sanctions.
- European diesel and jet/kero imports were already above long-term averages over July-September, before widespread refinery outages in France led to a spike far above the seasonal range, with Vortexa recording 3.7mbd of diesel imports into European countries over 1-20 October.
- This is 1mbd higher than the Q1 2022 average, when demand was under pressure from high prices and some remaining Covid restrictions.
- Within just three months, gasoline/blending component and naphtha imports fell from a seasonal high of close to 1.5mbd in July to just above 1.1mbd over 1-20 October, in spite of unusually heavy buying from France.
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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