RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Tight Diesel Markets Support Spreads

OIL PRODUCTS

Diesel cracks ticking higher with support from tight global supplies.

US Cracks had pulled back from the record peak of 88.5$/mt last week to about 61$/mt before recovering ground today. Spreads were approximately 23$/mt at the start of the year.

  • Workers strikes at French refineries have eased but strikes are still impacting the Gonfreville and Feyzin refineries. Prompt Gasoil time spreads are steady today after the announced end to some strikes last week.
  • Demand for diesel may be boosted during the winter heating season as extra uncertainty exists over future Russian crude and product supplies and due to much reduced natural gas supplies into Europe.
    • Brent DEC 22 down -1.1% at 92.46$/bbl
    • WTI DEC 22 down -1.5% at 83.8$/bbl
    • Gasoil NOV 22 up 2.4% at 1076$/mt
    • US 321 crack up 1.3$/bbl at 34.69$/bbl
    • US gasoline crack up 0.2$/bbl at 19.09$/bbl
    • US ULSD crack up 1.9$/bbl at 65.85$/bbl
    • Gasoil NOV 22-DEC 22 up 1.25$/mt at 68.5$/mt
    • Gasoil DEC 22-DEC 23 up 24.25$/mt at 195.5$/mt
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

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.