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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
Higher European diesel stocks are expected at the end of March compared to previous estimates according to Wood Mackenzie. Lower demand due to the mild winter weather and strong imports from Middle East and the US Gulf coast have boosted supplies.
- Diesel inventories in northwest Europe are expected at the lowest since November at just under 214mbbls in March but better than the previous estimate for a record-low.
- Stocks in February and March are expected to decrease after the start of the EU ban on seaborne products from Russia on 5 Feb.
- EU diesel imports from Russia were the highest since July at 670kbpd in December according to Vortexa data.
- Higher than expected Chinese export quotas will also help European imports.
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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