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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
BNEF forecasts that US oil production will continue to rise in 2024 and beyond.
- The US oil industry has become more resilient as ongoing costs reductions and adoption of best practices help boost productivity.
- US oil companies are now able to produce more for a lower cost compared to previous years.
- Oil Production costs could fall further as productivity in 2024 is showing signs of even further improvement, BNEF said.
- BNEF sees US oil production in 2026 at 14.12m b/d, up 240k b/d in 2025.
- The sizeable rig count decline in the US may not be as negative as first thought as the number of wells drilled and completed are holding up better than rig counts, especially in the Permian.
- Sustained US oil growth will be a continued challenge for OPEC as it undermines the bloc’s ability to manage global supply and prices.
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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