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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+ crude oil output rises 260kbpd in August compared to the OPEC commitment of a 648kbpd increase according to a Platts survey.
- OPEC+ members are still significantly underproducing despite the increase to the highest since Apr 2020. Output is 3.6mbpd below target.
- OPEC's 13 members produced 29.56mbpd in August, up 480kbpd from July according to the survey. Non-OPEC production fell 220kbpd to 13.28mbpd.
- Many OPEC+ producers are struggling with technical problems, a lack of investment, or internal unrest.
- Saudi Arabia, UAE and Kuwait boosted output in line with targets with falls in output from Kazakhstan and Nigeria
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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