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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.
OIL PRODUCTS
US and European diesel stocks showing no signs of improving
- Refiners historically favour gasoline production over the spring / summer months due to high driving season demand. This summer low gasoline demand and low diesel stocks have resulted in spreads favouring diesel over gasoline. The US gasoline crack is currently trading at 29.17$/bbl while the USLD crack spread is 47.2$/bbl.
- Despite the better margins the stocks are so far not improving with supply struggling to meet demand. US inventories remain 25% below normal while EU stocks are as low as 42% below the 5-year average.
Source: MNI / EIA / Insights Global
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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