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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
Baker Hughes monthly data released today shows a decrease in global oil and gas rig count in March led by a big fall in Canada.
- Total global rig counts fell by -42 from February with an decrease of -52 in Canada, -4 in the Middle East and -5 in the US. The Canada rig count remains higher than the average 2022 levels after pulling back from a the highest since Feb 2020 last month.
- Total world oil and gas rig count had risen from a low of 1016 in Oct 2020 up to a peak of 1921 in Feb 2023 with the US accounting for about 55% of the increase.
Source: Baker Hughes
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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