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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
US crude oil production in January stood at 12.533mbpd, down by 762kbpd on the month and below the EIA STEO forecast, data from the EIA Petroleum Report showed.
- Production was down the most in Texas falling 288kbpd month on month, followed by North Dakota with a monthly decline of 162kbpd and New Mexico with 108kbpd less output, the data showed. This was due to the extreme freeze offs in January.
- US crude oil demand in January rose by 2.2% on the year to 19.587mbpd.
- Gasoline demand declined by 44kbpd on the year to 8.238mbpd in January, while distillates demand edged down by 32kbpd to 3.87mbpd.
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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