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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
US PADD 3 clean product exports remain strong despite heavy reported maintenance levels according to Vortexa, posting an 11% increase over the first 20 days of Feb vs the seasonal average.
- PADD 3 utilization rates for week ending February 9th fell below 80% after an extended period of high run rates in previous years Vortexa said, citing EIA figures.
- It compares to the 2023 avg of 90.5%, 2022 avg of 93.5% compared to 2019 average of 92% (EIA).
- Consistently high clean product export from PADD 3 are welcome for European markets coping without Russian diesel, which is instead heading to markets like Brazil.
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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