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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.
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Free AccessMorgan Stanley Expects Eased Oil Market Tightness Next Year
Oil markets are currently tight but will likely be in surplus next year according to Morgan Stanley, causing Brent prices to fall into the high to mid-$70’s range.
- The bank expects oil market tightness to hold for most of Q3 while OPEC supply growth and a seasonal demand slowdown ease pressure in Q4.
- Morgan Stanley said it expects OPEC and non-OPEC supply to grow by about 2.5 mn bpd in 2025 - well ahead of demand growth.
- The bank expects refinery runs to peak in August and not return to that level until July 2025.
- Morgan Stanleys Q3 Brent forecast remains at $86/bbl – the same as Goldman Sachs.
To read the full story
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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.