MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Shippers Pay for Colonial Pipeline Space to Move Fuels

OIL PRODUCTS

A segment of the Colonial Pipeline which is rarely full is booked for months amid a supply glut on the US Gulf Coast according to Bloomberg.

  • Shippers are paying a premium to move gasoline, diesel and jet fuel to the New York Harbor area to help ease the excess supplies. US Gulf Coast processing rates have risen as refineries return from maintenance. Cheap gasoline and diesel prices also incentivise exports and end of year tax requirements encourage suppliers to minimise inventories as much as possible before the new year.
  • Colonial’s line 3 has been fully allocated from cycles 59 in late October, to the most recent cycle 71 in late December according to T4 data.
  • Line 3 space from Greensboro to Linden for cycle 70 traded as high as 7c/gal on Wednesday. Line space normally trades when the pipeline is full.
BulletEnergy BulletsHomepageCommoditiesUS
BulletEnergy BulletsHomepageCommoditiesUS

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.