MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

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

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

Oil Products Summary at European Close: Gasoline Cracks Fall

OIL PRODUCTS

Gasoline cracks have softened on the day, rolling back some of yesterday’s gains. Weak seasonal demand continues to weigh on the gasoline market.

  • RBOB JAN 24 up 1.3% at 2.19$/gal
  • US gasoline crack down -0.2$/bbl at 18.4$/bbl
  • Gasoil JAN 24 up 0.7% at 790.75$/mt
  • US ULSD crack up 0.4$/bbl at 40.55$/bbl
  • China’s refined oil exports were 3.64m mt, up 6.7% on the month but down 24.8% on the year, according to GACC data, cited by OilChem.
  • Diesel and gasoline crack spreads have eased back after yesterday’s increase following the rally in wider oil markets.
  • Rising demand for air travel during winter is boosting refinery margins for jet fuel, according to Bloomberg.
  • Global jet fuel demand is likely to exceed pre-pandemic levels in H1 2024, according to Argus.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

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.