MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Americas Weekly Oil Summary

OIL

Guyana’s President Irfaan Ali said that Guyana must develop oil and gas resources but will work with Venezuela to prevent escalation.

  • Guyana will not approve oil exploration in contested waters near Venezuela until the ICJ delivers its ruling on the country’s borders, according to Bloomberg.
  • Exxon president of upstream Liam Mallon told Bloomberg TV that Exxon expects Guyana to compete with Permian on oil production.
  • On Feb. 16 a Guyanese crude cargo traded for the first time in Platts MOC since assessments began in 2021.
  • Venezuela’s government and opposition resumed talks with opposition members to discuss a data for presidential elections, according to Bloomberg.
  • Russia and Venezuela agreed to broaden their oil production cooperation, Russia’s Foreign Affairs Minister Sergei Lavrov told Venezuelan state tv during a visit to Caracas.
  • Latin American crude output is on the rise, but heavy crude output is expected to decline, according to Platts. Platts forecasts a drop of 240k b/d between Jan. 2024-Dec. 2025 to around 2.9m b/d.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.