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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.
ENERGY
Energy – What to watch
- The latest Baker Hughes rig count data is due for release at 18:00BST. Last week saw an unexpected fall of 2 in oil rigs to 574, but the upward trend is expected to continue having gradually risen from just 172 since mid 2020. Gas rigs continued to increase last week by 1 to 151. The increasing rig counts are still not translating in to significant increase production with EIA data showing crude production unchanged again last week at 11.9mbpd. The capital discipline of drillers, supply constraints and increased costs are limiting well completions.
- The ICE and Nymex commitment of traders reports will be released after the close today at 18:30BST and 15:30EST. Managed money net longs have increased slightly over recent weeks as bullish sentiment has returned to the crude markets.
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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