Free Trial
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
US crude supply is becoming heavier as output of medium-heavy density crudes remains robust but shale supply growth stalls according to Kpler.
- Shale supply growth is stalling due to a slowdown in upstream activity as both the frac spread and oil rig count remain pressured due to elevated costs, shareholders demands and an uncertain outlook.
- The trend towards heavier US production will continue in Q3 with support from seasonally rising supply from Alaska, and new developments keeping Gulf of Mexico supply above year-ago levels in 2023.
- Upstream activity in the Permian Basin, the largest producing shale region, has begun falling strongly in June and July, and is now threatening future supply.
Source: Kpler
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok