MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

MNI BRIEF: PBOC Cuts 7-Day Repo Rate By 10bp

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USGC Spot Gasoline Discount Hit Decade Wide

OIL PRODUCTS

Spot gasoline prices in the USGC has fallen to their widest discount to futures in a decade amid a bifurcation in physical and paper markets, according to Bloomberg.

  • The discount reflects the rising supply in the region as excess gasoline is produced while refiners seek to maximise diesel yields, Bloomberg said.
  • Seasonal stockpiles have been on the rise due to weak domestic and export demand.
  • Conversely, paper markets have been impacted by the uncertainty around the Israel-Hamas conflict and potential supply shocks. Gasoline futures have tracked other oil prices in trading higher due to the geopolitical risk premium.
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.