MNI China Daily Summary: Monday, July 29

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CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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Azeri BTC Crude Loadings Suspension Could Be Extended

OIL

Azeri BTC crude loadings could be suspended for longer after exports of Azeri crude from the terminal were expected to resume 8-9 Feb according CNBC trade sources.

  • A force majeure notice— which removes contractual liability from exporters or producers for circumstances outside of their control — was issued on Tuesday evening.
  • The force majeure could be in place for up to ten days. The BTC crude oil loadings scheduled is typically published on the 8th of every month but this has been delayed this month according to CNBC trade sources.
  • The note said tanker loading operations from the BTC terminal have been temporarily interrupted, as further assessments are carried out on pipeline operations after the damage occurred at the connection points of two berths.
Energy BulletsCommodities
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