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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
The rate of growth in the US Permian basin is the slowest since February when freezing weather shut in production according to the latest EIA data. The small monthly increase of just 767bpd of oil in July suggests drillers continue to maintain fiscal discipline under ongoing inflation and investor pressure.
- Total US oil output from top shale-producing regions is forecast to rise to the highest on record in July, but the size of the increase is expected to be the smallest since December.
- The supply of pre-drilled US shale wells dropped for a fifth straight month suggesting the drillers aim to bring production on quickly in the near term.
Source: Bloomberg
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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