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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.
OIL
The monthly US oil demand data showed a small increase to 19.54mbpd in Jan 2023 from 19.49mbpd in Dec 22 and compared to 19.73mbpd in Jan 2022 according to the EIA released on Friday.
- US crude production rose 2.9% from 12.115mbpd in December to 12.462mbpd in January to the highest since March 2020 and up from 11.37mbpd in Jan 2022. Output from New Mexico reach a record high at 1.792mbpd with Texas at a post pandemic high of 5.237mbpd.
- Change in US oil demand y/y by product in kbpd:
- Gasoline +300 to 8,282
- Distillate +179 to 3902
- Jet fuel +87 to 1,510
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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