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
Diesel spreads surge as multiple French refineries have shut down in recent days due to strike action therefore reducing diesel production. European offline capacity is expected to reach 1.5mbpd in October. Fuel switching from gas to oil due to surging European gas prices are adding to support for diesel spreads. Other global supply risks exist ahead of the implementation of the EU ban on Russian seaborne products in early Feb.
- The prompt Gasoil spreads has rallied from a low of 18$/mt on Sep 15 up to 50$/mt. The Dec22-Dec23 spreads is up from 80 $/mt to 133$/mt in a similar time period.
- Gasoil OCT 22-NOV 22 down -0.75$/mt at 49$/mt
- Gasoil NOV 22-DEC 22 unchanged at 38.25$/mt
- Gasoil DEC 22-DEC 23 up 10$/mt at 135.5$/mt
Source: Bloomberg
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