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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 PRODUCTS
The latest EIA weekly petroleum status report for the week to July 19 showed a renewed recovery in US oil product implied demand as gasoline demand resumed the rally since late January.
- Four week implied gasoline demand in the week to July 19 reversed most of post July 4 holiday decline seen the previous week to rise to 1.9% above the previous five year average. The last couple of years have seen a seasonal decline in demand after July so any support in the coming weeks could take levels further above normal.
- Four week implied distillates demand also rose in data this week to just 0.3% below the previous five year average although remains below levels seen during late May and June.
- Jet fuel demand, on a four week basis, remains above last year’s levels and 13.6% above the five year average. Demand could drop next week due to the IT disruption to global flights and airports late last week.
Source: EIA / MNI
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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