RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

MNI: RBA LEAVES CASH RATE AT 4.35%

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: June 2024 JODI Oil Data Highlights

OIL

Oil demand in JODI-reporting countries rose by 1.49mb/d m/m in June and up 1.7%, or 0.91mb/d, y/y. Crude oil production rose by 106kb/d m/m and was up 0.55mb/d vs June 2023.

  • Refinery intake was up 12.2kb/d on the month and 0.63mb/d higher vs June 2023.
  • Crude inventories were down 5.7mbbls m/m and 233mbbl below the five-year average. Product inventories were up 53.1mb/d m/m and 26.3mbbl above the five-year average.
  • Norway’s crude production rose by 47.4kb/d in June m/m while oil exports were down by 208kb/d.
  • Canada's crude oil exports rose by 122kb/d to settle higher than the five-month average at 3.51mb/d.
  • Japan's crude oil imports were down by 126kb/d to a 35-month low of 2.1mb/d and total product demand rose by 11 kb/d m/m to 3.04mb/d.
  • South Korea’s refinery runs were down by 144.1kb/d in June m/m to a 9-month low of 2.7mb/d and crude imports by 273.9kb/d.
  • India's crude imports fell by 637kb/d to 4.53mb/d while refinery output fell 133kb/d to 6.1mb/d and product exports fell 244kb/d to 1.56mb/d. India total product demand rose by 40kb/d m/m to 5.44mb/d.
BulletEnergy BulletsCommodities
BulletEnergy BulletsCommodities

To read the full story

Close

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.