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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
The EIA data yesterday showed the oil supply adjustment factor (unaccounted oil) at a record of 2.415mb/d in data back to 2002.
- The data has been showing large positive adjustments this year suggesting an overestimation of crude exports, overstating demand and underestimation domestic production.
- Earlier this year EIA announced steps to improve the accuracy of oil data and change the way it calculates crude oil supply and disposition after fluctuations in the weekly data. EIA will categorise blended products as “transfers to crude oil supply” instead of the “supplied,” and will look to include condensate production in overall crude output.
Source: Bloomberg / 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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