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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 Haitham al-Ghais said global spare oil production capacity has declined and refinery is not matching growing fuel demand according to S&P Global.
- Significant investment is required but an increasingly challenging financial environment is exacerbated by "unhelpful criticism and misguided narratives" about fossil fuels said Ghais.
- He said it is troubling to hear calls to stop investing in oil and that the world desperately needs investments in all energies, and in all technologies to help reduce emissions.
- Underinvestment causes market volatility and endangers energy security, imperils economic growth and jeopardizes sustainable development he added.
- There has been a lack of investment in refining, specifically in the OECD which could lead to a fuel squeeze. The OPEC World Oil Outlook sees an investment requirement of $1.6 trillion in the downstream.
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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