-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessVolatile Spreads with Uncertain Product Demand
Gasoline cracks drifting back but diesel remains strong
- The extent of weak summer gasoline demand remains uncertain after EIA weekly implied demand showed a small recovery in data earlier this week. The recent weakness shown in EIA data has not necessarily been reflected in data from other sources such as OPIS and Gas Buddy.
- Limited spare refining capacity and below normal inventory levels continue to support refined product prices. Gasoline stocks showed a big draw this week and the build in distillate stocks is only a fraction of what would be required to bring inventory levels back to normal.
- Brent OCT 22 up 0.2% at 99.84$/bbl
- WTI SEP 22 down -0.1% at 94.24$/bbl
- US 321 crack up 0.2$/bbl at 40.51$/bbl
- US gasoline crack down -0.3$/bbl at 33.99$/bbl
- US ULSD crack up 1.1$/bbl at 53.56$/bbl
- Gasoline-Brent down -0.9$/bbl at 16.42$/bbl
- Gasoil-Brent up 1.2$/bbl at 38.65$/bbl
Source: MNI / EIA
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.