-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessOIL: Brent Recovers with Focus on Hurricane Impact Ahead of US Data
Brent front month has recovered some ground since falling to a low of $68.68/bbl with the bearish theme driven by market concerns for a surplus after downward revisions to OPEC’s global demand growth forecasts and soft China imports.
- OPEC yesterday revised oil demand growth forecasts very slightly lower for this year and next but the forecast for 2024 remains well above other market expectations at 2.03mb/d.
- The EIA however raised its forecast for global oil demand in 2024 to 103.08m b/d. EIA expects Brent to return to above $80/bbl in Q4 and average around $84/bbl in 2025.
- Hurricane Francine is due to make landfall today in Louisiana and may impact eight refining facilities along the coast.Energy companies shut-in about 24% of the Gulf’s production at 412kbpd and evacuated staff from 130 production platforms, said the Bureau of Safety and Environmental Enforcement.
- US crude inventories are expected to show a small build today after the net draws since June in EIA data released today. API data however showed a continuation of the crude draws falling by 2.79mbbl, according to Bloomberg. Gasoline fell 0.51mbbl and distillate rose 0.19mbbl.
- Later the focus will be on US August CPI, which is expected to show headline easing to 2.5% y/y with core stable at 3.2%.
- US diesel cracks are drifting back towards the lows of last week with weak demand and healthy supply weighing on prices despite upcoming refinery maintenance and hurricane risks.
- Brent NOV 24 up 1.3% at 70.09$/bbl
- WTI OCT 24 up 1.3% at 66.62$/bbl
- Brent NOV 24-DEC 24 up 0.01$/bbl at 0.37$/bbl
- Brent DEC 24-DEC 25 up 0.18$/bbl at 0.98$/bbl
- US gasoline crack down 0$/bbl at 12.86$/bbl
- US ULSD crack down 0.1$/bbl at 20.54$/bbl
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.