Free Trial
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.
DIESEL
Middle Eastern diesel shipments to Europe have fallen this month, with some being replaced by US shipments, S&P Commodity Insights data showed.
- Europe's diesel imports are averaging 165kbpd so far in October, more than the pace in September at 136kbpd, according to S&P Global Commodities.
- Middle Eastern diesel shipments are currently at 110kbpd, compared with the total September level of 317kbpd.
- US diesel exports to Europe are ramping up this month at 188kbpd so far in October, up from 122kbpd in September.
- Europe currently relies on diesel imports from the US, India and the Middle East, Russel Hardy, CEO of commodity trader Vital, told at a conference this week.
- But Middle Eastern shipments could rebound soon with the end of peak demand season in summer, while refinery maintenances in the region are still ongoing, traders said.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok