OIL PRODUCTS: Russian Diesel & Naphtha Exports Slump as Refining Slows

Sep-11 16:25

You are missing out on very valuable content.

Russian exports of petroleum products have shrunk in early September, led by steep declines in diese...

Historical bullets

US DATA: Increased Share Of CPI Basket Growing >3% Y/Y

Aug-12 16:21
  • Whilst core goods inflation undershot expectations for a further acceleration in M/M terms, a still solid monthly clip compared to 2024 levels (0.21% M/M in July after 0.20% in June vs -0.06% M/M averaged in 2024) is starting to see an increased share of items growing in excess of 3% Y/Y.
  • We calculate 24% of core goods items increased >3% Y/Y in July after 18% in June to take it further away from recent lows of 13-14% through Oct-Jan. It's the highest share since Feb 2024.
  • Context is important though, as it’s above the 18.5% averaged in 2019 and 12% averaged through 2015-19 but still of course far below the highs of 75% seen in late 2022. 
  • The core services equivalent meanwhile increased for a third consecutive month to 62% having recently bottomed at 50% in April. It averaged 38% in 2019 and 34% in 2015-19 for a longer pre-pandemic period. 
image

FED: US TSY TO SELL $65.000 BLN 17W BILL AUG 13, SETTLE AUG 19

Aug-12 16:05
  • US TSY TO SELL $65.000 BLN 17W BILL AUG 13, SETTLE AUG 19

FED: US TSY TO SELL $85.000 BLN 8W BILL AUG 14, SETTLE AUG 19

Aug-12 16:05
  • US TSY TO SELL $85.000 BLN 8W BILL AUG 14, SETTLE AUG 19

Related by topic

Gasoil
Marine Oil
Oil Positioning
OPEC
Freight
Jet Fuel
Gasoline
Fuel Oil
Diesel
Oil Options
Energy Data
Russia