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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.
ENERGY
ENERGY – What to Watch
- With no data expected during the day today, focus will be on any further impact of inflation on economic markets and any more news from US as they look at ways to eases the record high fuel pump prices. Energy Secretary Granholm is expected to meet with oil refiners on 23rd June to discuss the issue.
- Flows of Russian gas through Nord Stream to Europe will once again be closely watched for the impact on gas markets. Nominations for today are unchanged from yesterday at the reduced rate of 65mcm/d.
- The latest Baker Hughes rig count data is due for release at 18:00BST. After a couple of weeks where the increasing trend stalled the rig counts have continued to rise again. The expectation is for oil rigs to increase by 5 to 585 today.
- The ICE and Nymex commitment of traders reports will be released after the close today at 18:30BST and 15:30EST. The Nymex WTI and ICE Brent net long positions have increased in recent weeks as supply issues have pushed upside interest. With economic concerns driving prices lower during the week it will be interesting to see if net long positions fall back again. Positions are taken from a Tuesday so the moves from late this week will not feed into the data.
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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