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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.
ENERGY
ENERGY – What to Watch
- The latest US drilling productivity report will be released by EIA later today at 19:00BST. US production has yet to respond to the higher market prices with EIA data showing oil unchanged since mid April and gas production just creeping higher over recent months. US Treasury Secretary Yellen last week said that oil producers now have incentives to increase production. Baker Hughes data released late Friday showed a resumption of the increase in oil rig counts after stalling in previous weeks. Oil rigs were up 6 to 580 and but gas rigs were unchanged at 151.
- Later this week sees the release of the latest OPEC and IEA monthly reports. The reports may help to provide some understanding of the current and expected market balance. The reports will detail forecasts for the coming months, with high uncertainty over both supply and demand.
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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