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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
Gasoline prices in Mexico could fall in Q1 2024, despite upside support from expected rising crude prices, Argus said.
- Driving down gasoline levels will be a rise in domestic production and a fall in the price of gasoline in the US market.
- The EIA expects US gasoline prices to fall by 4.8% next year to average $3.36/gal according to its December Short Term Energy Outlook.
- Mexico imports around two thirds of its gasoline, Argus said.
- While production of gasoline and diesel in Mexico from Jan-Oct fell 8% on the year to 376k b/d, production is expected to rise in 2024 provided the new Olmeca refinery can start production. This would boost domestic supply.
Source: Argus
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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