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
The downward correction trend for gasoline and diesel crack spreads is still in place despite some support at the end of last week. Both US and European spreads have pulled back significantly from June highs as high pump prices have impacted on demand. Spreads however remain well above start of the year levels with supply still tight.
- European imports of US Guld Coast diesel will be the highest in 3 months at 304k tons according to ship tracking and Vortexa data from Bloomberg. This is the highest since April and data suggests August imports are likely to remain strong.
- US 321 crack down -0.2$/bbl at 37.33$/bbl
- US gasoline crack up 0.5$/bbl at 32.53$/bbl
- US ULSD crack down -1.5$/bbl at 46.91$/bbl
- Brent FCC margin down -0.3$/bbl at 10.33$/bbl
- Gasoline-Brent up 0.7$/bbl at 23.17$/bbl
- Gasoil-Brent down -1.3$/bbl at 30.44$/bbl
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