MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

BOC WILL BE CONSDIERING FURTHER RATE CUTS

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

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: OPIS Survey Points to Ongoing Tepid Gasoline Demand

OIL
BulletEnergy BulletsCommodities

Early returns from the actual US gasoline retailers in OPIS Volume Survey indicate a shaky week for US gasoline demand, according to OPIS founder Tom Kloza via X.

  • This week’s gasoline demand looks around 8.5m b/d or less, compared to the 2016-2019 average for this period of above 9m b/d.
  • U.S. retail gasoline demand saw a fall of 2.2% for the week ending September 21 (Sun-Sat) according to GasBuddy. GasBuddy models U.S. gasoline demand for that week at 8.65m b/d.
  • Gasoline inventories are expected to have fallen by just 0.02m bbl, according to a Reuters survey. The WSJ survey saw gasoline stocks falling by 0.5m bbl.
103 words

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.

Early returns from the actual US gasoline retailers in OPIS Volume Survey indicate a shaky week for US gasoline demand, according to OPIS founder Tom Kloza via X.

  • This week’s gasoline demand looks around 8.5m b/d or less, compared to the 2016-2019 average for this period of above 9m b/d.
  • U.S. retail gasoline demand saw a fall of 2.2% for the week ending September 21 (Sun-Sat) according to GasBuddy. GasBuddy models U.S. gasoline demand for that week at 8.65m b/d.
  • Gasoline inventories are expected to have fallen by just 0.02m bbl, according to a Reuters survey. The WSJ survey saw gasoline stocks falling by 0.5m bbl.