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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.
ENERGY
ENERGY – What to watch
- The updated Insights European product ARA inventories will be release today. Oil product crack spreads remain strong on continuing tight supply. Diesel cracks hit new highs again yesterday after EIA inventory data provided little relief and the IEA monthly report suggested diesel and kerosene markets are to remain tight. Europe Gasoil stocks were at 1.46m mt last week compared to the 5-year average of 2.51m mt for this time of year.
- This afternoon at 15:30BST sees the release of the latest EIA weekly gas inventories with stocks 15% below the 5-year average. Expectation is for a build of 90bcf following a build of 97bcf last week and compared to a seasonal normal build of 93bcf for this time of year. The extended outage of the Freeport LNG export terminal may provide an opportunity to replenish stocks and build levels up towards normal over the coming weeks.
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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