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

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

US Gasoline Crack Edges Higher From Three Month Low Last Week

OIL PRODUCTS

US gasoline imports from Europe in the week ending 15 Dec rose from the previous week according to bills of lading and ship-tracking data from Bloomberg.

  • European gasoline arrivals in the US jumped week on week to 347kbpd compared with 199kbpd in the previous week.
  • Total motor gasoline stocks in the US have built recently up to just 2.2% below the five year average but stocks in PADD1 are still over 13% below normal.
  • Gasoline cracks are slowly edging higher after reaching the lowest since early September on 12 Dec. Both EIA and GasBuddy were showing a gradual drop in gasoline demand with levels below normal although falling in line with seasonal expectations. However GasBuddy data yesterday showed an increase in demand last week which has helped to support the crack spread.
    • US 321 crack down -0.3$/bbl at 28.35$/bbl
    • US gasoline crack up 1$/bbl at 16.27$/bbl
    • US ULSD crack down -0.3$/bbl at 53.49$/bbl
    • EU Gasoline-Brent down -0.2$/bbl at 1.65$/bbl
    • EU Gasoil-Brent down -0.2$/bbl at 35.8$/bbl
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.