MNI BRIEF: US Labor Costs Increase 0.9%, Below Expectations

MNI BRIEF: ADP's Richardson Sees Normalizing US Labor Market

CANADA FLASH Q2 GDP ANNUALIZED +2.2%

MNI China Daily Summary: Wednesday, July 31

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI: US NAR JUN PENDING HOME SALES INDEX 74.3 V 70.9 IN MAY

MNI Chicago Report™: 17% of Firms Have Sped Up Plans For Holiday Season

MNI Chicago Report™: Around 37% of Respondents See Growth Between 0-5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Medium Term in China Looks Relatively Healthy: Vitol

OIL

Chinese energy demand still has room to grow but diesel use by industry and for freight is a little more disappointing according to Mike Muller at Vitol.

  • “China in the medium term looks relatively healthy” he said, adding that “mobility data in China is good, even strong I would say” although overall economic data from China “don’t inspire confidence” in markets.
  • Growing demand could provide a potential uplift for oil markets later this year even amid concerns for weak economic data.
  • Diesel exports from China have not been as strong as expected with shipments of about 500ktons/month with gasoline exports of about 1m tons/month.
  • China makes up “a good chunk” of the global shortfall in jet fuel demand which is still 250k-300kb/d below 2019 levels.
Energy BulletsCommodities
Energy BulletsCommodities

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.