Refined-products demand is beginning to slip
Refined-products demand is beginning to slip: Sevens Report Analysts Quoted in Market Watch
Oil tallies back-to-back gains as Middle East flare-ups lift risk of supply disruption
In the U.S., analysts at Sevens Report Research said in a Thursday newsletter that the most attention-grabbing development in Wednesday’s EIA petroleum report was a “sharp and sudden” drop of 365,000 barrels per day in gasoline supplied, which is a proxy for consumer demand at the pump.
The decline “suggests the trend in refined-products demand is beginning to slip amid growing uncertainty about the economy in 2025,” the Sevens Report analysts said.
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