MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: Japan Nov Factory Output Hits 2nd Straight Rise

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI: GERMANY NOV CPI +2.2% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Broader Risk & The U.S. Gulf Weather System Eyed

OIL

WTI and Brent futures sit either side of unchanged as we type, after the space drew support from the broader risk backdrop and tropical storm/hurricane situation surrounding the U.S. Gulf of Mexico on Monday.

  • The BSEE noted that ~82% of U.S. Gulf oil production had been shut in as of Monday, up from the ~58% shut in on Sunday. Suggestions are that storm Laura will become a hurricane on Tuesday, while Marco has weakened to a tropical depression.
  • Elsewhere, Monday saw Energy Intelligence sources suggest that "Saudi Aramco no longer intends to build a refinery and ethylene plant with China Northern Industry Co. (Norinco), as the giant oil company adjusts its downstream investment plans in line with cuts in its overall capital spending."
  • The weekly API crude inventory estimates are due to be released later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.