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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 PRODUCTS
The latest weekly EIA oil data showed another increase in US gasoline implied demand but distillates implied demand again disappointed to remain near seasonal lows.
- Combined refined product demand for gasoline, distillates and jet fuel rose for the fourth week as is typically expected at this time of year. Demand was 341kb/d below last year’s levels two weeks ago but has closed to just 65kb/d below in the data today.
- Four week average implied gasoline demand rose faster than the seasonal trend back up to about 1.1% below the previous five year average.
- Average implied distillates demand on a four week basis remains at the lower end of the previous five year range after a decline on the week. Implied demand has been relatively unchanged since early February. The demand is still 7.9% below the previous five year average.
- Four week implied jet fuel demand rose up to 6.8% 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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