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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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 US Refinery Maintenance Schedule
- Peak refinery maintenance is still ongoing in the US according to FGE.
- Valero expects heavy US refinery maintenance during 1Q 2024 while Marathon Petroleum expects above-average turnaround activity globally in the first quarter of this year.
- US outages are projected to peak in February as part of the maintenance season in 1H 2024, analysts at Gibson said. Delek’s VP of operations for Brentwood, Joseph Israel, expects the upcoming refinery maintenance season to be one of the heaviest ever, with around 1.5mbpd of daily crude processing activity offline during February and mid-March.
- Downtime at refineries is likely to peak the second week of February with 1.64mbpd of capacity offline for planned works, IRR Energy’s Hillary Stevenson said. She expects maintenance season to be extended into April and May.
- See PDF below for the latest refinery maintenance update for Europe.
Full piece here:
MNI US Refinery Maintenance Schedule .pdf
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.