Free Trial
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.
OIL PRODUCTS
Diesel and gasoline cracks are drifting off today after rallying this week on supply concerns and in reaction to a recover in EIA implied demand yesterday.
- The 4-week average product supplied data from EIA showed a slight pick up in gasoline demand and a bigger bounce in distillate demand. Both are now back near 2020 levels but remain well below normal for the time of year.
- Gasoline demand has disappointed over the summer with high pump prices limiting consumption and wider economic issues have started to impact distillate demand in recent weeks.
- US 321 crack down -0.3$/bbl at 33.14$/bbl
- US gasoline crack down -0.3$/bbl at 20.93$/bbl
- US ULSD crack down -0.8$/bbl at 57.3$/bbl
- EU Gasoline-Brent down -0.3$/bbl at 9.31$/bbl
- EU Gasoil-Brent down -0.8$/bbl at 40.31$/bbl
Source: MNI / EIA
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok