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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 PRODUCTS
Italy’s oil product sales fell in December while Spain’s product sales increased but jet fuel still lags 2019 levels.
- Total oil product sales in Italy fell -4.7%yr/yr to 4.24m tons in December versus consumption of 4.45m tons in December 2019 according to ministry data. Gasoline sales were above 2019 levels, diesel/gasoil and transport diesel were similar, but LPG and jet fuel were below pre pandemic levels.
- Spain’s combined road fuel sales gained 8.1% y/y to 2.47m tons in December and 6.2% above according to CORES data. Gasoline, diesel, diesel/gasoil and fuel oil were all higher than in 2019 but LPG and jet fuel sales were down.
- Last month France showed total oil product sales fell -4.2% yr/yr in December to 4.64m tons. Gasoline sales increased by 5.6% and diesel fell by 7.2% while jet fuel was up +17% but still -11% below Dec 2019.
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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