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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
Argentina's expected oil production growth has not progressed despite post-pandemic annual increases of 10-12% according to Kpler.
- Production levels have remained around 620kbpd this year, showing minimal growth in supply amid modest upticks in Argentinian rig counts and development drilling.
- Upstream activity remains only half of the peak of Vaca Muerta drilling in 2014-2015 with only 56 operational rigs in 2023 compared to the peak of over 100 rigs in 2014-2015.
- Light sweet Medanito is trading at its highest level against ICE Brent since September 2022, at a discount of 4.5$/bbl to ICE Brent. Exports have decreased to 100kbpd, which is around 40% lower than the export volume in early 2023.
Source: Kpler
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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