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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 East Coast stocks of both gasoline and diesel are running low with regional gasoline stockpiles the lowest seasonal level since 2007 according to EIA data.
- The prompt gasoline spread surged above 0.3$/gal earlier this week due fuel product shortages. The rally is “caused by a variety of disruptions in supply, rather than an expectation of strong gasoline demand,” distributor TAC Energy.
- The US region normally relies on Europe for gasoline imports to ease tight supplies but supply concerns in Europe are currently limiting the imports. US gasoline imports from Europe in the week ending Oct 20 rose slightly from the lowest since March the previous week.
Source: BloombergWhy 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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