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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
Nigeria’s oil output fell to 1.43mbpd in Q2 2022, the lowest quarterly production since 2016, according to the nation’s statistics agency. July output has dropped even further to 1.2mbpd.
- The government blame the fifth consecutive quarterly decline in output on oil theft and vandalism.
- In July Nigeria’s production target quota from OPEC+ was 1.799mbpd.
- The Minister of State for Petroleum Resources and CEO of NNPC said that the country loses 400kbpd via oil theft.
- Nigerian security services have tried to scale up the battle against oil theft in bid to restore production reporting they have recovered 3.75mbbls of stolen crude. Nigeria is looking to implement Saudi Aramco’s oil security architecture according to CEO of NNPC.
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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