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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.
OIL
The EIA Short-Term Energy Outlook released yesterday forecast a fall in global oil consumption and well as a fall in global production.
- Global oil production for 2023 is forecast 600kbpd lower than in the September STEO to average 100.7mbpd. The forecast reflects announced cuts from OPEC+ as well as lower forecast crude oil production in the US.
- The forecast for global oil consumption for 2023 is reduced by 500kbpd from the September STEO at 101mbpd and reflects the lower Oxford Economics forecast for global GDP growth in 2023 to 2.2% this month from 2.7% last month.
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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