MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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

Nigeria’s Dangote Begins ULSD Production: Platts

OIL PRODUCTS

Nigeria’s 650k b/d Dangote refinery has started production of ULSD, a company official said July 23, cited by Platts.

  • ULSD has a sulphur content of 10ppm and meets European standards. It is less sulphurous that the 50ppm permitted in a number of WAF countries.
  • Dangote began making gasoil of around 650ppm in April as it awaited the startup of more sophisticated refining units.
  • Dangote has exported 23 gasoil cargoes to date, mainly to other WAF countries.
  • The announcement comes as Nigeria’s downstream regulator alleged that Dangote’s product was inferior to imported cargoes with content around 650-1,200ppm.
  • By 2027, Dangote is expected to yield 38% diesel. This should cut the WAF gasoil by around 180k b/d by 2026 compared to 2023 levels.
Energy BulletsHomepagemarkets-real-timeBulletCommodities
Energy BulletsHomepagemarkets-real-timeBulletCommodities

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.