Free Trial

Gasoline bounces back up after 2-day fall

OIL PRODUCTS

Cracks had softened as US gasoline imports from European increase last week according to ship tracking data. Imports were the highest since the end of Nov21 at 418kbpd compared to the year-to-date average of 232kbpd.

  • US gasoline cracks trading 1.65$/bbl higher to 42$/bbl with the diesel crack relatively unchanged at 42.7$/bbl. The gasoline crack traded as high as 58.2$/bbl early last week.
  • European gasoline has remained slightly stronger than in the US and is trading up 0.66$/bbl to 32.8$/bbl. The Gasoil-Brent spread is near flat on the day at 26.85$/bbl

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.