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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
Diesel cracks following crude higher, but gasoline cracks fall.
- US gasoline crack down -1.2$/bbl at 34.1$/bbl
- US ULSD crack up 1.7$/bbl at 56.51$/bbl
- Gasoline-Brent down -0.4$/bbl at 23.64$/bbl
- Gasoil-Brent up 1.2$/bbl at 39.61$/bbl
- EIA data release yesterday showed distillate demand edging higher and a draw down in stocks, especially on the East Coast. Distillate implied demand however remains at the lower end of the 5-year range.
- Despite a slight increase in gasoline implied demand this week the 4-week average is still lagging well below pre pandemic levels.
Source: MNI / EIA
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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