CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Mid-Day Oil Products Summary: Diesel Cracks Slip Back

OIL PRODUCTS

Diesel cracks have resumed their downward trend having found some support yesterday. Seasonally weak demand levels are countering expectations of a US product inventory draw in this week’s EIA data.

  • US 321 crack up 0.1$/bbl at 28.23$/bbl
  • US gasoline crack down 0.4$/bbl at 29.52$/bbl
  • US ULSD crack down 0.4$/bbl at 25.63$/bbl
  • Gasoil MAY 24 down 0.4% at 775.5$/mt
  • Russian oil product exports slumped to a post-pandemic low in H1 April, according to Platts’ tanker tracking data.
  • China’s refined oil exports totalled 4.55m mt in March, up 58.28% on the month, according to OilChem, citing GACC data.
  • Exxon’s Baytown 564kbd refinery, Texas, has shut a hydrocracker since April 18 as well as two furnace stacks on its largest crude unit according to a Bloomberg source.
  • Mexico is boosting its fuel oil exports because of higher domestic refinery runs according to Vortexa.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

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.