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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
EIA has revised down its forecast for the current supply deficit during 4Q23 to 60kbpd, compared with a deficit of 230kbpd during last month’s report according to the EIA STEO report from Tuesday.
- Global liquids demand during 4Q23 is forecast at 101.62mbpd, down from 101.75mbpd last month.
- Global liquids supply has been revised up to 101.56mbpd during 4Q23, compared with 101.52mbpd in last month’s report.
- In 2024, the global oil market is forecast to have a supply deficit of 50kbpd, revised down from 550kbpd previously, as production forecasts have been significantly revised down for next year to 102.19mbpd, from 102.88mbpd previously.
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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