RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

MNI: RBA LEAVES CASH RATE AT 4.35%

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

HF Sinclair Expect Constrained  2024 with Demand 5-6% Above 2019

REFINING

Oil refiner HF Sinclair expects a constrained environment for the rest of 2024 after Q4 profits beat estimates on better-than-expected refining margins and throughput.

  • Fuel demand also held up as supplies remained tight on production cuts by OPEC+ countries despite an increase in global refining capacity. Overall demand is projected at 5-6% above 2019 levels.
  • HF Sinclair's consolidated gross refining margin fell to $13.88/bbl in Q4 from $23.47/bbl a year earlier, while refinery throughput fell marginally to 664kb/d. The company expects good midcontinent margins into the summer.
  • The company's utilization rate was 90.6% in the fourth quarter, compared with 92.7% a year earlier.
  • The 149kb/d Puget Sound refinery is expected to undergo a turnaround in Q1.
BulletEnergy BulletsHomepageCommoditiesUS
BulletEnergy BulletsHomepageCommoditiesUS

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.