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.
ENERGY SECTOR
- Initial rally came across 04 & 05 April, seemingly after the Dutch Gov’t announced a boost in their annual renewable energy obligations.
- Low carbon fuel is seen as a LT driver of Neste profitability, offering a significant premium over traditional carbon-intensive fuels. BBG consensus shows Renewable Products expanding from 37% of Neste revenue in 2023 to 45% this year.
- Spreads have tightened in line with peers since February, having underperformed peers by ~30bps in the wake of Q3 results before seemingly stabilising in the wake of Q4 results which were slightly ahead of consensus on reported results but soft on outlook (credit stabilisation seemingly at odds with the ~15 equity sell-off post results).
- Q1 results due 25 April.
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