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 Genscape European ARA crude inventories will be released today at 09:00BST. European ARA inventories fell back to the bottom of the 5 year range last week to 55.85mbbls.
- OPEC+ meet today with the JMMC meeting due to start at 13:00 CET followed shortly after by the OPEC+ meeting at 13:30CET. Market expectation is for production targets to be held steady or with just a slight increase. Crude prices and time spreads have fallen since June on lower demand expectations and a slight easing of supply tightness but US are still hoping for a production increase from the group following Biden’s visit to the Middle East last month.
- EIA will release their weekly oil inventory data at 15:30 this afternoon after the API reported a build in crude stockpiles and small draws in the refined products last night. A confirmation of product draws may add support to crack spreads which have fallen significantly since mid June. Expectation is for the EIA to report a -1.0m draw in gasoline and +0.7m build in distillates.
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