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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 production increase by 140k b/d to 42.71mb/d in December according to the latest Platts survey.
- Russia largely maintained around the November levels at 9.86mb/d despite to EU ban and the G7 price cap.
- OPEC 13 output was up 110kb/d at 28.98mb/d in December led by the highest output from Nigeria since April. Non-OPEC supply including Russia rose by 30kbpd to 13.73mb/d.
- Russian crude exports were cut due to the sanctions but output was maintain by higher refinery runs and filling storage.
- Russian-origin crude loadings from Russian ports tumbled 14% or 431k b/d from November to December according to S&P Global.
- OPEC output still lags production targets by 1.80mb/d in December due to technical difficulties or lack of investment.
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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