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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
US gasoline demand has peaked according to the EIA. It expects demand to keep drifting lower through 2024 in its latest forecast.
- Consumption was already flatlining before the Covid-19 pandemic, but it still hasn’t recovered fully and shows little sign of doing so anytime soon.
- US drivers consumed 8.76 million barrels a day of the road fuel last year - down from the previous year and 550,000 barrels a day, or 6%, below the 2016-2019 average.
- The outlook is for demand to keep drifting lower this year and next, with improved fuel efficiency, a drop in commuting and changed driving habits being contributing factors.
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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