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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
Crude oil production from the 12 OPEC members fell by 60k b/d in July, according to a Bloomberg survey.
- This does not include the 10 OPEC+ members.
- Iran saw the largest drop in output, down 50k b/d to 3.26m b/d.
- Meanwhile, Iraq saw a rise of 30k b/d on the month, despite its continued pledge to meet its voluntary production quota of 4m b/d. Based on this survey, Iraq is overproducing by around 280k b/d.
- Please see the table below showing output in July:
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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