MNI: China CFETS Yuan Index Up 0.98% In Week of Oct 11

MNI: PBOC Net Injects CNY19.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.0723 Mon; +3.26% Y/Y

CHINA PBOC CONDUCTS CNY19.5 BLN VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0723 MON VS 7.0731

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.20B BSL

Economic Data Calendar 11/10/2024

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

OIL PRODUCTS: India Oil Product Exports to Highest Since March 2022

OIL PRODUCTS
BulletEnergy BulletsCommodities

India’s clean oil-product exports rose to the highest since March 2022 driven by a spike in overseas demand amid refinery shutdowns in Europe, according to Bloomberg citing Kpler data. 

  • Shipments of diesel, gasoline and jet fuel rose about 39% y/y to 1.5mb/d in September. Oil product exports to Africa reached a record 380kbp/d.
  • European supplies and exports to Africa have been curtailed due to a cut in processing last month amid refinery maintenance and poor margins.
  • “The open diesel arbitrage to Europe has been driven by lower supplies due to the region’s planned and unplanned refinery maintenance,” said Serena Huang at Vortexa.

 

Keep reading...Show less
102 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.

India’s clean oil-product exports rose to the highest since March 2022 driven by a spike in overseas demand amid refinery shutdowns in Europe, according to Bloomberg citing Kpler data. 

  • Shipments of diesel, gasoline and jet fuel rose about 39% y/y to 1.5mb/d in September. Oil product exports to Africa reached a record 380kbp/d.
  • European supplies and exports to Africa have been curtailed due to a cut in processing last month amid refinery maintenance and poor margins.
  • “The open diesel arbitrage to Europe has been driven by lower supplies due to the region’s planned and unplanned refinery maintenance,” said Serena Huang at Vortexa.

 

Keep reading...Show less