Free Trial
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
EIA gasoline product supplied, an implied proxy for US gasoline demand has shown a lot of weakness through July, countering comments by US oil companies last week during results calls which indicated demand was holding up through July.
- Retail gasoline demand data by GasBuddy also indicates that US gasoline demand is holding up stronger than EIA product supplied figures suggest (see chart).
- The EIA recommend looking at its product supplied figures on a four-week average to avoid the volatility that arrives from the weekly figures. The last four weeks average at 8.6mn bpd is down from 9mn bpd the four weeks prior.
- The US gasoline crack is up 0.2$/bbl today at 32.03$/bbl after yesterday’s EIA report showed national gasoline stocks holding up.
Source - GasBuddy
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok