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Policy
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Global Macro
Global Macro
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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.
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Free AccessUS Oil Output To Hit Record By Year-End: Citigroup
US crude oil output is forecast to break the early 2020 record of 13.1mbpd by the year-end, barring an active hurricane season in the Gulf of Mexico, Citigroup said in a note.
- Crude oil production growth is expected to be less robust in 2024 due to a decline in drilling activity but still positive at around 200kbpd, the bank said.
- Citigroup last month said Brent crude oil prices are forecast to average $81/bbl this year and could range between $72-90/bbl during the second half of 2023.
To read the full story
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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.