Free Trial
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.
ENERGY
ENERGY – What to Watch
- OPEC+ meet today with the JMMC meeting due to start at 13:00 CET followed shortly after by the OPEC+ meeting at 13:30CET. The expectation is that they will confirm the existing plan to increase targets for August by 648kbpd to return production levels back to pre-pandemic levels. No indication has yet been given for plans in the following months. The volume of spare production capacity is unclear and limited to just a few Persian Gulf members with production from many others such as Angola and Nigeria well below targets.
- The latest EIA weekly gas inventories for the week ending 24th June will be released this afternoon at 15:30BST. Expectation is for a build of 75bcf in line with the 73bcf build last week and compared to a seasonal normal build of 77bcf. Inventories are still below normal levels, but the outage of the Freeport LNG export terminal may provide an opportunity for higher injections into storage with an excess on domestic supplies.
- Insights Global will update the European oil product data with last week’s data showing Gasoil inventories (incl. heating oil and diesel) in the ARA region at just 1.51m mt compared to a 5-year average of 2.59m mt.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok