MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fuel Supplies from Asia to Americas Increases in March

OIL PRODUCTS

March loadings of clean fuels from Asia to the Americas rose to the highest levels since Sep 2019 at 740k tons according to Bloomberg data.

  • Supplies have increased as South America seeks to replace missing supplies due to US refinery maintenance outages and with demand for US diesel from Europe to cover for tight supplies due to strikes in France.
  • Imports of gasoline and diesel from countries such as Brazil and Mexico are set to reach the highest since Oct 2021 at about 340kbpd in March according to Kpler data. The largest supplies originate from India followed by supplies from Japan.
  • Asian refinery processing rates are estimates at 83% in March according to FGE despite some seasonal maintenance.
    • US 321 crack down -0.4$/bbl at 37.83$/bbl
    • US gasoline crack down -0.3$/bbl at 37.45$/bbl
    • US ULSD crack down -0.7$/bbl at 38.6$/bbl
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

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.