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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
Russia’s oil output ion August was close to its OPEC+ target according to Bloomberg sources with access to Energy Ministry data.
- Russia produced 8.983 million barrels a day of crude in August, 62,000 bpd lower than July and 5,000 bpd above its OPEC+ target.
- OPEC+ has focussed on nations like Russia, Kazakhstan and Iraq to comply with targets to try and gain more cohesion in the group to shore up global crude supplies – especially against a weak pricing backdrop.
- Russia will make small compensation adjustments in October and November for this year’s overproduction but the bulk of the extra curbs will only come next summer.
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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