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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: RBA Board Considers Easing Scenarios - Minutes
MNI ASIA OPEN: President Elect Cabinet Picks Effect on Markets
Canadian Natural Resources Considering Major Oil Sands Expansion
Canada’s largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output, the company said May 2, cited by Reuters/
- The company is considering a 195k b/d expansion at its Horizon mining and upgrading plant in Northern Alberta.
- Previously the company said it could add 75k b/d of bitumen, but it has since been able to scale up the process.
- Canadian Natural said it will benefit from the TMX expansion start-up, in which it can move 94k b/d.
- The company also increased its shipping commitment on the Flanagan South pipeline to the USGC in Q1 to 77.5k b/d from 22.5k b/d.
- The company also produced 1.33m boe/d in Q1, slightly below analysts’ expectations of 1.35m boe/d.
To read the full story
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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.