MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

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

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 Summary at European Close: Cracks Climb

OIL PRODUCTS

US gasoline and diesel cracks remain stronger today, as product prices are holding up while crude prices plummet.

  • US gasoline crack up 1$/bbl at 24.94$/bbl
  • US ULSD crack up 0.6$/bbl at 22.68$/bbl
  • The OPIS survey of U.S. gasoline volumes pumped at retail suggests a low demand figure for last week at “well under 9-million b/d” according to its head of research Tom Kloza.
  • Oil processing at Mexico’s Pemex domestic refineries were curtailed in April to 58.4% after fires at two facilities, according to Bloomberg based on company data.
  • Crude storage capacity utilization rates at independent refineries in China’s Shandong Province averaged 43.9% in the week to May 29, up just 0.08% on the week and down 3.88% on the year, according to OilChem.
  • China’s refined oil exports stood at 2.85m mt in May according to shipping schedules cited by OilChem, up just 0.01m mt on the month.
  • Freight loadings on Russia's rail system fell 3% y/y in January-May 2024 to 502m tonnes despite an increase in oil and coal loadings, according to Kommersant.
  • Global implied jet fuel demand in the week commencing June 4 is set to rise as travel ramps up towards the peak summer season, according to BNEF.
  • Rhine river water levels at the Kaub measuring point rose to 6.41m on Tuesday, up from 5.97m on Monday evening and the highest since 7 February 2021, WSA data showed, cited by Bloomberg.
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.