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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
Singapore’s middle distillate stocks climbed to a three-month high in the week to Feb. 14, reversing the general downward trajectory over the past two-months, according to Reuters.
- Inventories of gasoil, diesel, and jet fuel were 9.547m bbl on Feb. 14, up by over 2m bbl on the week, Reuters said citing Enterprise Singapore data.
- Net exports of diesel/gasoil fell 54% on the week as total imports were up five-fold, driven by arrivals from India, Qatar, and Taiwan.
- Additional cargoes from India and the Middle East were expected amid volatility in East-West arbitrage economics, Reuters said, although the trend is unlikely to continue amid a widening arb west, namely to NWE.
- Russian-origin cargoes emerged for the third straight week, contributing to the inventory build.
Source: Reuters
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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