MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SocGen see Slowing US Oil Output Growth

OIL

US oil production in 2024 is likely to rise at less than half the rate in 2023 as the shale industry matures and most of the growth is already priced in, according to SocGen, cited by Bloomberg.

  • SocGen’s global head of commodity research Benjamin Hoff estimates that US output will increase by 0.65m-0.7m b/d in 2024, compared to 1.5m b/d in 2023.
  • This is a larger gain than forecast by the EIA, which expects production to be at flat ar 13.1m b/d in 2024, compared to the average of 12.93m b/d in 2023.
  • Shale producers are aiming for fiscal restraint and a boost shareholder profits in 2024, with consolidation becoming the key to growing market share, according to Hoff.
  • Deals in the space have been centred on developing more contiguous acreage, enabling producers to drill laterally and extract more oil cost efficiently, according to Hoff.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.