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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
Activity in the oil and gas sector continued growing in Q4 2022 according to the Dallas Fed Energy Survey released yesterday. The business activity index remained positive but fell to 30.3 in 4Q from 46.0 in 3Q.
- Oil and natural gas production increased at a slightly slower pace compared with the prior quarter, according to executives at exploration and production firms. The oil production index declined to 25.8 in Q4 from 31.7 in Q3. The natural gas production index moved down, to 29.4 from 35.6.
- Firms reported rising costs for an eighth consecutive quarter, with the indexes remaining elevated. However, the rate of those increases has slowed. Among oilfield services firms, the input cost index was 61.8 versus 83.9 last quarter.
- On average, respondents expect a WTI price of 84$/bbl by year-end 2023; responses ranged from $65 to $160 per barrel. Survey participants expect Henry Hub natural gas prices of 5.64$/mmtu at year-end.
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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