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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
Capital expenditure for 48 publicly traded US oil producers increased 6% in Q422 compared with 4Q21 to $16.5 billion and decreased 12% compared with 3Q22 according to EIA. Recent cost inflation suggests more capital expenditure spending would be needed today to support similar levels of production compared with past years.
- In the fourth quarter of 4Q22 US exploration and production companies, who produced 35% of US crude, reported lower cash from operations due to lower crude oil prices.
- The sum of dividends and share repurchases increased in 4Q22 and remain well above their historical average despite the decline in revenues.
- Supply chain constraints appear to be easing, but cost inflation remains an issue with EIA expecting capital expenditure for these E&P companies will continue to increase in 2023.
Source: EIA
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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