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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.
OIL PRODUCTS
North America East Coast (PADD 1, PADD 3 and the Caribbean) gasoline imports are up 15% m/m for June (days 1-20) according to Vortexa.
- Structurally short PADD 1 is the dominant driver as the summer driving season gets underway – expected to be higher than 2022 but lag pre-pandemic.
- Unplanned gasoline production unit (FCC) outages in PADD 1 and USGC could support flows in the second half of July.
- 60% of the June gasoline/blending component imports into PADD 1 have originated from Europe (mainly ARA). Vortexa has also seen an increase in blending components from India (up 35% m/m) and redistributed Caribbean supplies (up 40% m/m).
source: Vortexa
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.
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