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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+ has increased production by 220kbpd to 43.23mn b/d in October, improving the gap between target and actual production, after the group pledged to cut output by 100kbpd in October, the latest Platts survey showed.
- Despite the monthly increase, there remained a large gap of 3.31mbpd between the groups target and actual production in October. In September, the quota shortfall stood at 3.57mbpd, the survey shows.
- Kazakhstan posted the biggest increase in the month, with output recovering by 180kbpd to 1.40mbpd.
- Only five countries of the coalition reduced output in October.
- OPEC's 13 countries produced 29.72mbpd, a fall of 30kbpd from September, while Russia and eight other allies pumped 13.51mbpd, up 250kbpd.
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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