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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
Global gas-to-oil fuel switching could jump 80% as European, Asian gas prices soar according to Platts.
- Refiners, power producers, and major industries will account for 633,000 b/d incremental liquids demand in the first quarter of 2023, compared to around 350,000 b/d of incremental demand in Q3 2022.
- European gas, Asian LNG six times more costly than fuel oil on energy basis.
- In Europe, refiners, power producers, and major industries will account for a 308,000 b/d growth in liquids demand in the first quarter of 2023, equivalent to about half the global share of gas-to-oil switching.
- Asian gas-to-oil switching demand growth will reach 271,000 b/d, or 43% of the total, according to the estimates, up from 136,000 b/d in the current quarter.
- Residual fuel oil will account for 348,000 b/d, or 60%, of the incremental global shift to oil in Q1 2023, with LPG accounting for 32% and gasoil making up the rest of the increase at 8%.
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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