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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 refining margins fell $3.80/b in Q2 and are down $7/b on 2023 levels due to a surge in runs which are set to exceed all-time highs later this year Vitol said.
- Over 80% of the 2.2m b/d of new refining capacity in the US, Middle East Gulf, and Nigeria is now operational, with working ongoing to bring the remaining 400k b/d online.
- In early July the USGC hit 9.4m b/d of crude throughput, a six year high.
- Atlantic Basin refiners have achieved utilisation rates of over 90% - back to pre-Covid levels – as refineries catch up on disrupted maintenance.
Source: Vitol
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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