Free Trial
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
The US DUC count rose for the first time in a year according to the latest EIA drilling report yesterday with shale explorers drilling wells faster than fracking them.
- The DUC count of the seven key US shale regions rose by nine to 4,522 in March.
- The data signals that US oil-production growth is slowing as fracking is one of the final steps in bringing new wells online.
- Drillers can stockpile unfracked wells to time production to benefit from periods of higher prices or easier access to infrastructure.
- US production is a key market focus with strong recent growth a factor in driving OPEC+ production cuts. The next full OPEC+ meeting to decide future output policy is scheduled to take place on 1 June.
- US oil output from the main shale-producing regions will rise by 16kb/d to 9.86mb/d in May to a five-month high, according to the EIA’s monthly drilling report.
Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok