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 the oil rig count was at 597 and gas rigs at 153 with the gradual increase expected to continue with an increase in oil rigs to 600. Rigs counts have been increasing since late 2020 and both gas and oil production are slowly following the trend over the same time period.
- The ICE and Nymex commitment of traders reports will be released after the close today at 18:30BST and 15:30EST. The bullish bets across all main oil markets have reduced over recent weeks as recessionary risks have increased and as high fuel pump prices have started to show an impact on demand.
- Also due today is the Aug22 WTI option expiry against the 19:30BST future close price. Current open interest shows the biggest nearby interest is in the 95$/bbl strike but bigger exposure sits at 100$/bbl if crude continues to recover upwards.
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