MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI: CANADIAN OCT MANUFACTURING SALES +2.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Oil Markets Current Stability Range Faces Challenges: Platts

OIL

Stability in oil markets seen over the past 16 months is likely to become increasingly strained amid economic pressures on producers and calls for tougher sanctions on Russia, according to Platts’ Head of Market Reporting Dave Ernsberger.

  • Oil prices have held between $75-$85/b, the “Goldilocks” band for Dated Brent in the last 16 months, Ernsberger said at the London Energy Forum.
  • Ernsberger said that the current level of spare capacity in the global market, estimated at around 5 million b/d, may be seen by Russia's opponents as an opportunity for tougher sanctions.
  • Platts analysts forecast Dated Brent will average $83/b in 2024, before softening to $76/b in 2025 as non-OPEC+ supply growth from Guyana, the USA, Canada, and Brazil outpace demand growth.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.