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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
Energy – What to watch
- No new data releases are expected today so the focus will be on news from the EC leaders summit taking place in Brussels over the next two days. With a unanimous decision required, they need to get Hungary on board and EU’s Josep Borrell believes that a deal is still possible.
- The tight refined product markets continue to support gasoline and diesel markets. The start of the US driving season is likely to support demand which has so far been resilient despite the record pump prices. Any further increase in demand data or reduction in inventory levels later this week could push product spreads higher.
- The latest monthly OPEC+ meeting takes place later this week with. Indications are that they are once again unlikely to change course and increase production further than already planned. G7 energy ministers have called on OPEC to produce more to help bring down high market prices. Some OPEC members have stated that they believe crude markets to be balanced and that the market tightness is coming from the refined products not crude.
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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