MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

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

MNI Commodity Weekly: U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024

Commodities Weekly AnalysisAnalysisCommodities

Executive Summary:

  • U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024: A combination of sluggish demand and more clean product supply for the Atlantic Basin in 2024 presses U.S. refiners in Q3.
  • Oil Markets: Crude markets maintain their bearish sentiment although near term supply disruption from Libya, the U.S. and Kazakhstan are providing some support this week. The decline in diesel and gasoline cracks has also stalled slightly due to tighter supply from the refinery maintenance season and run cuts driven by the weak margins. (Pg.3)
  • Analyst Views: See oil market summaries and outlooks by biggest names in industry. (Pg.7)
Full piece here:

MNI Commodity Weekly - U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024.pdf

109 words

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.

Executive Summary:

  • U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024: A combination of sluggish demand and more clean product supply for the Atlantic Basin in 2024 presses U.S. refiners in Q3.
  • Oil Markets: Crude markets maintain their bearish sentiment although near term supply disruption from Libya, the U.S. and Kazakhstan are providing some support this week. The decline in diesel and gasoline cracks has also stalled slightly due to tighter supply from the refinery maintenance season and run cuts driven by the weak margins. (Pg.3)
  • Analyst Views: See oil market summaries and outlooks by biggest names in industry. (Pg.7)
Full piece here:

MNI Commodity Weekly - U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024.pdf