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.
ENERGY
- The latest Baker Hughes rig count data is due for release at 18:00BST. Last week saw an unexpected fall of 4 in gas rigs to 153 while oil rigs continued to rise with an increase of 1 to 595. The increasing rig counts since mid 2020 have slowly resulted in higher US production with a rise in lower 48 dry gas production from 94bcf a year ago to approximately 97bcf in recent weeks. US EIA shows oil production is now above 12mbbpd and has only ever had one period above these levels in late 2019 and early 2020.
- The ICE and Nymex commitment of traders reports will be released after the close today at 18:30BST and 15:30EST. High prices and US recession concerns have resulted in a reduction in both crude and product market managed money net longs in the last couple of weeks.
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