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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
Four countries account for over 80% of global supply growth, according to the EIA’s forecast March 14.
- The EIA forecasts that liquids production among OPEC+ members will fall by 1m b/d in 2024 before increasing by 0.9m b/d in 2025 after most cuts expire.
- Total petroleum liquids volumes outside of OPEC+ are set to grow by 1.4m b/d in 2024 and 1.1m b/d in 2025,
- Most of the growth will come from the USA, with production from Canada, Brazil, and Guyana to rise by 0.3m b/d each through to 2025.
- Global petroleum and liquids supply was 101.8m b/d in 2023. The EIA forecasts supply to is rise by 0.4m b/d bpd in 2024 and 2m b/d in 2025.
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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