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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
Oil output in the Permian shale oil basin is expected to rise to a record 5.453mbpd in November according to the EIA drilling productivity report released late yesterday.
- Total output in the major US shale oil basins is forecast to increase by 104kbpd to 9.105mbpd in November, the highest since March 2020.
- EIA has revised the October shale oil forecast down to 9.001mbpd from 9.115mbpd
- Monthly changes per region are:
- Permian +50k to 5.453mbpd
- Eagle Ford +18k to 1.226mbpd
- Bakken +22k to 1.19mbpd
- Niobrara +6k to 0.646mbpd
- Anadarko +6k to 0.431mbpd
- Appalachia +2k to 0.122mbpd
- Haynesville unchanged at 0.037mbpd
Source: EIA
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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