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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 an increase in oil demand of 20kbpd to 20.593mbpd yr/yr in November according to the EIA.
- US oil demand was down -143kppd or -0.7% compared to Nov 2019 but higher than the weekly data of 20.266mbpd and the EIA STEO at 20.022mbpd. Demand was down 0.5mbpd compared to October.
- US crude production was down to 12.375mbpd in November from 12.823mbpd in October but up from 11.79mbpd in Nov 2021.
- Change in US oil demand y/y by product in kbpd:
- Gasoline -172 to 8849
- Distillate -129 to 4061
- NGL +102 to 3354
- Jet fuel +100 to 1607
- Still gas +22 at 669
Source: EIA
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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