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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 weekly EIA oil data showed four week average US gasoline demand fell to the lowest since mid-February and the lowest for this time of year since 1997.
- The demand is about 680kbpd below the previous five year average as high domestic pump prices are weighing on demand after the end of the peak summer driving season. The extreme reaction is unexpected so may see a levelling out in the coming weeks according to BNEF.
- Diesel weekly demand also fell but the four week average implied demand remained relatively unchanged in the week to hold just above the previous five year average.
Source: MNI / 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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