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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 Gasoline imports decline with supply from Europe to an eight week low.
- US imports of European gasoline fell to 169k b/d for the week ending July 20 according to Bloomberg, the lowest level since the week ending May 25.
- This is a decrease of 16% compared to the previous week’s 199k b/d, when imports fell by a larger 34% week on week.
- PADD 1 gasoline imports decline in line with seasonal norms with a decreasing trend observed from Canadian barrels according to Vortexa.
- Gasoline crack spreads are today extending the recent rally above the highs from last week.
- EU Gasoline-Brent up 2$/bbl at 29.88$/bbl
- US gasoline crack up 1.8$/bbl at 40.34$/bbl
Source: Vortexa
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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