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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
OPEC+ output cuts and the Saudi Arabia and Russia cut extensions to year-end suggest a widening oil-market deficit of more than 2mbpd in 2H according to Bloomberg analysis.
- Higher potential flows from Iran and Venezuela could yield more supply but a likely substantial inventory depletion forms a constructive price backdrop.
- The near-term oil-demand outlook remains unclear due to macroeconomic uncertainty and recessionary concerns, but consumption is still widely expected to increase in 2H.
- Pressure may mount on OPEC+ to reverse some of the cuts if a recession doesn’t result in a notable drop in demand and causes an undersupply.
Source: Bloomberg
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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