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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
Permian Basin oil output is expected to increase oil output by 40% up to a peak of 7.86mbpd in 2030, according to a Bloomberg survey of four major forecasters.
- The pace of expansion will however be slow with no huge increase expected in 2023 or 2024.
- Ongoing investor capital discipline will limit production growth and shortages of everything from labour to steel pipes and drilling equipment will also restrain growth.
- The surveyed forecasters of S&P Global, Rystad Energy, Wood Mackenzie and Enverus on average expect the Permian to add 2.4mbpd output by 2030 from 2022 levels.
- Other US oil regions like the Eagle Ford and the Gulf of Mexico are stable or declining so Permian growth will drive overall US production.
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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