US Oil Demand Starts To Bottom And Heading Higher Going Forward
www.hfir.com
A lot of commotion was made last week after EIA reported on a 4-week average that the US implied gasoline demand fell below July 2020. But as we wrote in our OMF previous week, EIA implied demand data has been nothing but volatile since the data outage, and this week was no different. While the EIA had implied gasoline demand rebound to 9.123 million b/d or an increase of 582k b/d, this was still ~400k b/d lower than the implied gasoline demand from GasBuddy.
US Oil Demand Starts To Bottom And Heading Higher Going Forward
US Oil Demand Starts To Bottom And Heading…
US Oil Demand Starts To Bottom And Heading Higher Going Forward
A lot of commotion was made last week after EIA reported on a 4-week average that the US implied gasoline demand fell below July 2020. But as we wrote in our OMF previous week, EIA implied demand data has been nothing but volatile since the data outage, and this week was no different. While the EIA had implied gasoline demand rebound to 9.123 million b/d or an increase of 582k b/d, this was still ~400k b/d lower than the implied gasoline demand from GasBuddy.