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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
BNP Paribas forecasts Brent crude oil prices to average $90/bbl in the last quarter of this year, supported by demand growth from China and other non-OECD countries, the bank said in an note.
- The bank sees Brent prices to average $90/bbl during 4Q23, 1Q24 and 2Q24.
- Global oil demand is expected to grow by 1.1mbpd on the year in 2023, with China accounting for around 60% of growth. Other non-OECD countries are forecast to account for around 40% of growth, while OECD demand is likely to retreat amid interest rate hikes and slowing economies, BNP wrote.
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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