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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
Arrivals of European gasoline into the USA fell by 40% on the week to 90k b/d in the seven days to No. 23, according to Bloomberg.
- This makes it the lowest level since the week ending April 6 and down from 151k b/d last week.
- US imports of European gasoline have averaged 287k b/d in 2023 to date.
- US weekly gasoline demand in the previous week fell 2.6% and is 3.3% below the four-week average, according to GasBuddy.
- US gasoline prices have been falling for 60 consecutive days, according to Bloomberg, the longest streak of falls for more than a year, with the average retail price at $3.25/gal.
- RBOB DEC 23 up 0.9% at 2.19$/gal
- US gasoline crack up 0.7$/bbl at 15.32$/bbl.
Source: Bloomberg
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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