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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China Crude Oil Imports Accelerate In November
MNI BRIEF: RBA Holds, Notes Declining Inflation Risk
Mid-Day Oil Products Summary: Cracks Fall
Gasoline and diesel cracks are falling again today, with pressure from EIA data showing a fall in demand for both.
- US ULSD crack down 0.2$/bbl at 23.4$/bbl
- US gasoline crack down 0.1$/bbl at 23.87$/bbl
- US 321 crack down 0.1$/bbl at 23.71$/bbl
- ULSD SEP 24 down 0.3% at 2.35$/gal
- RBOB SEP 24 up 0.1% at 2.36$/gal
- GasBuddy meanwhile modelled U.S. gasoline demand in the latest weekly data (Sun-Sat) at 9.28mn bpd, the highest level of the year so far in an otherwise lackluster summer driving season.
- ExxonMobil’s 251,800 bpd refinery in Illinois has restarted select units three weeks after it lost power because of a storm the company said.
- The UK’s Lindsey refinery is restarting this week after planned turnaround according to Bloomberg communications with Prax.
- Singapore’s onshore fuel oil stockpiles narrowly rose to a two-week high, government data showed on Thursday.
- Asia’s jet fuel demand may taper off in H2 due to the fading impact of post-pandemic aviation demand normalisaiton, Platts said.
To read the full story
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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.