CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

OIL PRODUCTS: Mid-Day Oil Products Summary: Cracks Under Pressure

OIL PRODUCTS

Diesel and Gasoline cracks remain under pressure, with gasoline the lowest since November and diesel just above the lows from last week amid healthy supply and muted demand.

  • US gasoline crack down 0$/bbl at 12.44$/bbl
  • US ULSD crack down 0$/bbl at 21.41$/bbl
  • API weekly oil stock data from late yesterday according to Bloomberg: Gasoline -1.86mbbl, Distillate -1.41mbbl
  • Valero’s 170kb/d Benicia refinery in PADD 5 halted equipment on Aug. 27 morning after a flaring event.
  • TotalEnergies 109kbd  Feyzin refinery had a fire on Monday on equipment related to the reformer according to Le Progres reporting.
  • The Czech government has approved lending Orlen 135,000 cubic metres of refined fuels because of the outage at Litvinov due to an unexploded WW2 bomb.
  • Port of Fujairah oil product inventories edged 0.4% lower w/w to 17.803 mn bbls according to FOIZ data published Aug. 28. Stockpiles have increased 2.7% since the end of 2023.
  • Refiners in China are forecast to cut oil product exports by 20% m/m to 2.59m tons in September, according to Mysteel OilChem cited by Bloomberg.
BulletEnergy BulletsCommodities
BulletEnergy BulletsCommodities

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.