EIA Watch: Oil demand up, Fuel demand down..
Welcome to our weekly EIA Watch where we use our sophisticated models to filter noise from actual trends in the EIA demand data for Energy products.
Since a week ago, Oil has rebounded in the non-adjusted implied demand while transportation fuel demand weakness is seen across Gasoline and especially Diesel.
We continue to find the Gasoline demand out of whack with reality, while the Oil demand looks to be closer to the actual demand.
Let’s have a look at the details
Chart 1: EIA change in demand, production, inventory and imports