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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.
DIESEL
US diesel exports to Europe reached 437kbpd so far this month, more than double the rate than in November and on track for a new record, as delays at Panama Canal weigh on trade to the west coast of South America according to Kpler data, cited by Bloomberg.
- Transatlantic exports are surging as increasingly tighter transit restrictions at the Panama Canal make shipments to countries including Peru and Chile lengthier and more costly.
- The shipping rate for the Chilean route through Panama surged to a record of $4.6 million in late-November, Argus Media data showed.
- Simultaneously, US refiners are trying to prevent excess supply from building on the USGC after refineries are returning from seasonal maintenance and producers have incentives to minimize their taxable fuel inventory at the end of the year.
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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