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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 Secretary General Mohammed Barkino says there is no doubt that some members are struggling to hit production targets.
- Barkino claims that underinvestment and geopolitics are the two main drivers of the price surge. Saudi Arabia continues to resist US requests to increase production to meet OPEC+ shortfall.
- This week the US Strategic Petroleum Reserve reached 584,000 barrels. The lowest level since 2002.
- Brent looks likely to soon exceed USD$100 per barrel for the first time since 2013.
US Energy Information Administration
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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