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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
- The OPEC members ministerial meeting takes place in Vienna on Sat 3 June with the JMMC and OPEC+ ministerial meeting scheduled for Sun 4 June. Current expectation is for production targets to remain unchanged but weak crude prices make a cut still possible.
- The latest Baker Hughes rig count data is due for release at 13:00ET. The data last week showed a further decline in rig count numbers with gas at the lowest since April 2022 at 137 and oil down to 570 to the lowest since May 2022.
- The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30EST. Brent crude managed money net long positions increased last week to reverse the recent decline while ICE Gasoil managed money net positions ticked higher but were still showing a net short position.
- US nonfarm payrolls are due to release at 08:30 ET.
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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