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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
Russian liquids production is forecast to drop by 0.7 mb/d in 2023 to average 10.3 mb/d according to the OPEC Monthly Oil Market Report. Annual growth is revised up by around 152kb/d from the previous monthly assessment, due to higher-than-expected production in 1Q23. The production projection for remaining months of the year is unchanged.
- The key drivers of non-OPEC supply growth in 2023 are forecast to be the US, Brazil, Norway, Canada, and Kazakhstan.
- Oil production in the OECD region is forecast to grow by 1.4 mb/d to average 32.3 mb/d.
- Growth in OECD Americas is forecast at 1.2 mb/d to average 28.1 mb/d with OECD Europe to grow by 0.2 mb/d to 3.8 mb/d, while OECD Asia Pacific unchanged to 0.5 mb/d.
Source: OPEC MOMR
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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