MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

MNI: US OCT INDUSTRIAL PROD -0.3%; CAP UTIL 77.1%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

OIL PRODUCTS: Mid-Day Oil Products Summary: Cracks Fall

OIL PRODUCTS
BulletEnergy BulletsCommodities

Gasoline cracks are continuing their downtrend from yesterday to reverse gains from earlier in the week, under pressure from indications of softer US demand and expectations of a US stock build.

  • US gasoline crack down 0.2$/bbl at 13.76$/bbl
  • US ULSD crack down 0$/bbl at 24.94$/bbl
  • U.S. refiner margins for gasoline and diesel will stabilise next year but non-U.S. refinery capacity additions will limit increases in crack spreads, according to the EIA.
  • API weekly oil stock data from late yesterday according to Bloomberg: Gasoline +0.3mbbl, Distillate +1.1mbbl
  • Singapore total oil inventories rose 1.5% on the week to the highest since Oct. 9, according to Enterprise data.
  • Sales of marine fuel at Singapore rose to a nine-month high in October, led by an increase in container throughput and vessel calls for bunkering, according to the Port Authority, cited by Reuters.
  • Road congestion in the 15 Chinese cities with the highest number of vehicle registrations increased by 1.3 percentage points in the seven days to Nov. 13, according to BNEF.
160 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.

Gasoline cracks are continuing their downtrend from yesterday to reverse gains from earlier in the week, under pressure from indications of softer US demand and expectations of a US stock build.

  • US gasoline crack down 0.2$/bbl at 13.76$/bbl
  • US ULSD crack down 0$/bbl at 24.94$/bbl
  • U.S. refiner margins for gasoline and diesel will stabilise next year but non-U.S. refinery capacity additions will limit increases in crack spreads, according to the EIA.
  • API weekly oil stock data from late yesterday according to Bloomberg: Gasoline +0.3mbbl, Distillate +1.1mbbl
  • Singapore total oil inventories rose 1.5% on the week to the highest since Oct. 9, according to Enterprise data.
  • Sales of marine fuel at Singapore rose to a nine-month high in October, led by an increase in container throughput and vessel calls for bunkering, according to the Port Authority, cited by Reuters.
  • Road congestion in the 15 Chinese cities with the highest number of vehicle registrations increased by 1.3 percentage points in the seven days to Nov. 13, according to BNEF.