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Italian October Oil Products Sales Lagged Pre-Covid Levels Again
Italian oil product sales totalled 4.51mn tons in October, lagging pre-Covid levels for the eleventh straight month, data from Italy’s Ministry of Environment and Energy showed.
- Gasoline sales stood at 706k tons in October, the only product above 2019 levels of 649k tons and by 3.8% from 2022 levels.
- Transport diesel sales stood at 2.01mn tons in October, up by 0.9% from last year’s levels but below 2019 levels of 2.13mn tons.
- Gasoil/Diesel sales stood at 2.31mn tons, below 2.5mn tons in 2019 but up by 2.6% year on year.
- Jet fuel sales stood at 432k tons last months, 26% higher on the year but below 2019 levels of 440k tons.
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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.