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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
Demand across the big-three refined products – gasoline, distillates and jet fuel – plunged for a second-straight week on a four-week average basis, EIA data showed.
- Combined demand for the fuels fell by 1.84mbpd last week as of 14 July and has now slumped to nearly 1mbpd below the 2015-19 average for the first time since January and sits just 1% above 2022 levels, despite the much more favorable pricing environment for consumers.
- Distillates demand fell for an eighth consecutive week to the lowest seasonal level since 2009.
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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