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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
Higher US gasoline inventories are expected to contribute to lower US gasoline crack spreads in 2024 falling by 15 cents/gal compared with 2023 according to the EIA monthly oil report.
- EIA forecast gasoline inventories to build by 30mbbls from end-October 2023 to end-January 2024 amid increasing refinery runs at a time when motor gasoline demand is at its lowest for the year.
- Inventories are expected to remain higher than the previous year in January despite a below-average inventory build.
- Lower crack spreads reduce the forecast of the annual average US retail gasoline price from more than $3.50/gal this year to less than $3.40/gal in 2024.
Source: EIA
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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