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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
Three factors have contributed to weaker oil prices in recent months according to Goldman Sachs research.
- The first is surprisingly strong production from Russia as the EU ban on refined products gets underway.
- Second, the collapse in natural gas prices incentivizes switching back to gas from oil.
- Third, macro investors are expressing the broader disinflation theme and producer hedging is likely driving some selling.
- Goldmans forecasting places Chinese oil demand at 15.5mb/d in mid-January versus 14.5mb/d in late November.
- The bank has raised its 2023Q4 and 2024Q4 China demand forecasts to 16.0 and 16.6mb/d respectively, 0.4 and 0.7mb/d above its prior estimates.
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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