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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
The 22-country OPEC+ alliance pumped 41.21mbpd of oil in February, unchanged in the month, with several members such as Iraq and Kazakhstan still producing above their OPEC+ quota according to a Platts survey.
- OPEC-9 produced 21.52mbpd of crude oil last month, slightly down from 21.57mbpd in January but above its Q1 2024 quota of 21.23mbp.
- Iraq’s crude oil output was stable on the month at 4.27mbp – well above its OPEC+ baseline of 4mbpd for the first quarter of this year.
- Kazakhstan continued to pump above its quota of 1.468mbpd and produced 1.56mbpd in February, unchanged on the month.
- The producer group on 3 March announced to extend the current voluntary cuts until the end of the second quarter this year.
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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