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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
EIA weekly US petroleum data showed a big counter seasonal drop in weekly distillates implied demand. Four week average implied demand has fallen below the previous five year range with freight demand consistently lagging supply.
- Gasoline implied demand also dipped on the week in line with the seasonal trend and following the drop seen last year heading into December. The fall comes despite the expectation of a busy driven period during the Thanksgiving holiday. Demand remains below the five year average with a disconnect between miles travelled and fuel consumption due to more efficient engines and rising EV according to Bloomberg.
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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