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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
Increasing rig counts is not translating in to increase production
- The US oil and gas rig count has increased by 28% between October 2021 and April 2022, according to Baker Hughes data.
- Well completions from Permian, Bakken, Eagle Ford, Niobrara, Anadarko, Haynesville and Appalachia increased by only 2% over the same period according to Bloomberg
- Supply chain shortages in labour, parts, equipment, and materials are delaying completions.
- The graph below shows the change in total rig counts compared to oil and gas production since Oct21:
Source: BloombergWhy 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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