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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.
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Free AccessMNI China Daily Summary: Monday, December 9
Goldman Forecasts Active Hurricane Season More Bullish for Cracks than Oil
A more severe Atlantic hurricane season than normal poses more upside for refining margins rather than oil according to a Goldman Sachs research note.
- Some refining infrastructure closed ahead of Beryl’s arrival this week while others saw glitches due to power outages. Oil and gas production meanwhile was largely untouched.
- Goldman Sachs said it still expects Brent prices to average $86/bbl this quarter as OECD commercial stocks continue to be drawn down and "spreading wildfires in Alberta are already disrupting Canadian oil production."
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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.