Free Trial
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
Global markets saw a large decline in gasoline cracks in every region last week – the Atlantic Basin in pole position with NWE/USGC falling around $2.80/bbl according to FGE.
- The EIA released more bearish data, with US gasoline stocks now level with the pre-covid average, as well as the Memorial Day demand boost 100kb/d less than expected. US crude runs remain high, coming in at 95% capacity.
- FGE’s view is that gasoline cracks have bottomed out and they are still expecting a rebound in summer – refiners are being disincentivised to produce gasoline, and yield shifts should start occurring. Weak gasoline cracks in Asia will also prolong run cuts, tightening supplies there.
Source: FGE
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok