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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
Diesel and gasoline crack spreads are holding steady after losing ground in recent days.
- Tight supplies and low stocks continue to support spreads with diesel spreads about three time higher than start of year levels of 23$/bbl in US. US gasoline cracks are only just up on the start of year level of around 15$/bbl. Refiners are prioritising diesel output due to such tight supplies and low inventory levels.
- Concerns for the impact of high prices and an economic recession on oil demand growth are limiting the upside moves.
- Brent JAN 23 down -0.7% at 97.21$/bbl
- WTI DEC 22 down -1% at 90.91$/bbl
- US 321 crack up 0$/bbl at 35.73$/bbl
- US gasoline crack up 0.5$/bbl at 20.12$/bbl
- US ULSD crack up 0.1$/bbl at 66.85$/bbl
- EU Gasoline-Brent down -0.1$/bbl at 4.35$/bbl
- EU Gasoil-Brent up 0$/bbl at 39.16$/bbl
Source: Bloomberg
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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