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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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WAF Gasoline Forecast to Dip: Wood Mackenzie
Wood Mackenzie forecast that Nigerian gasoline demand will fall by 60,000 bpd next quarter to 250,000 bpd now that the gasoline fuel subsidies have ended.
- Angola has also cut fuel subsidies which is expected to see gasoline demand fall by 30,000 bpd next quarter in the country.
- Nigeria and Angola rely on European refiners to fulfil domestic gasoline demand requirements. They could cut crude processing by more than 300,000 bpd by the end of the fourth quarter — once summer gasoline demand slows — as a result of the combined loss in Nigerian and Angolan demand according to Wood Mackenzie analysts.
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.