MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Oil Product Summary at European Close: Cracks Down WoW

OIL PRODUCTS

Gasoline cracks are edging higher today but are tracking a week-on-week net decline amid an unexpected build in US gasoline stocks in the latest EIA data with implied demand increasing at a slightly lower rate than seen in previous weeks. Diesel cracks also down on the week with more refinery capacity returning online after spring maintenance.

    • US gasoline crack up 0.2$/bbl at 31$/bbl
    • US ULSD crack down 0.4$/bbl at 27.27$/bbl
  • Flint Hills shut the 58kbpd FCC at the Corpus Christi West, Texas, refinery on Wednesday afternoon, after two small fires were reported on Tuesday night and early Wednesday, according to TCEQ filing.
  • ARA Oil Product Stocks: Gasoline: 1,247, +5; Naphtha: 437, -40; Gasoil: 2,106, +60; Fuel Oil: 1,511, -2; Jet Fuel: 708, -61
  • More than a fifth of global oil refining capacity is at risk of closure as gasoline margins weaken and the pressure to reduce carbon emissions increases, according to Wood Mackenzie.
  • Russian offline capacity has risen by about a third in March to 4.079 million metric tons from February according to Reuters calculations on industry sources information.
  • Russia's Kuibyshev refinery, near the city of Samara has halted all production following a Ukrainian drone attack last week according to two Reuters sources.
  • Neste plans to start reducing output and shutting units at its 206kbpd Porvoo refinery in Finland gradually from 1 April for a nine-week scheduled maintenance, the firm said.
  • Singapore fuel oil stocks slipped to a two-week low on lower imports according to Enterprise Singapore data Thursday.
  • Singapore middle distillate stocks drew for a second week in the latest Enterprise figures, slipping 2% w/w.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

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.