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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Credit
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Data
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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.
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About Us
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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.
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 AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Oil Summary at European Close: Crude Falls
Crude is falling following a larger than expected draw in US crude inventories and large gasoline and distillates stocks builds. The market is weighing supply risks from the Middle East and Libya against strong non-OPEC supply and forecasts of slowing global demand growth in 2024.
- Brent MAR 24 down -1.3% at 77.26$/bbl
- WTI FEB 24 down -1.2% at 71.81$/bbl
- EIA Weekly US Petroleum Summary - w/w change week ending Dec 29: Crude stocks -5,503 vs Exp -3,406, Crude production -100, SPR stocks +1,055, Cushing stocks +706
- The US and its allies have warned the Houthis that there will be consequences if they don’t stop attacking ships in the Red Sea. There have been 25 attacks against merchant vessels so far.
- Oil prices are not reacting much to Red Sea escalations and geopolitical tensions because fundamentals are softer for crude right now according to Energy Aspects Director Amrita Sen.
- The oil market is overly complacent about geopolitical risks while demand has disappointed in China and India according to Rapidan Energy Group via Bloomberg.
- The long-delayed Trans Mountain Corp pipeline expansion plans to begin line fill in March or May depending on the diameter of pipe it uses and assuming no new problems it said in a filing Wednesday, but it still awaits regulatory approval.
- Morgan Stanley has cut the forecast for Brent crude prices in 2024 by nearly 9% to around $77.5/bbl with prices falling to the mid to low $70s during 2025.
- Brent is expected to hold in the $80-$90/bbl range this year with a forecast for the end of March lowered to $84/bbl, and June and September to $86/bbl, from the previous estimate of $95/bbl according to UBS.
To read the full story
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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.