MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

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

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

Gasoline Cracks Hold Gains But Diesel Drifts Lower

OIL PRODUCTS

Diesel crack spreads are falling today but gasoline is holding on to recent gains.

  • The market continues to weigh the potential for tighter supplies following the EU ban on Russian products next month against the current weak demand data.
  • The loss of naphtha and vacuum oil from Russia following the EU ban could impact on gasoline supplies especially in Europe. Russia are very big suppliers of naphtha for EU and US Gulf refiners for gasoline blending and Russia is still EU’s biggest diesel supplier ahead of Feb 5 ban.
  • Although strong export quotas from China may bring more product onto the global market a recovery and higher demand in China could limit products available for export.
    • US 321 crack down -0.6$/bbl at 36.47$/bbl
    • US gasoline crack down -0.1$/bbl at 26.43$/bbl
    • US ULSD crack down -1.6$/bbl at 56.83$/bbl
    • EU Gasoline-Brent down -0.2$/bbl at 13.44$/bbl
    • EU Gasoil-Brent down -0.8$/bbl at 36.56$/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.