MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Canadian Wildfires Threaten Oil Production

OIL

A number of lightning strikes have started a range of new wildfires in Canada, putting oil production under threat.

  • There are more than a dozen fires in the Fort McMurray region.
  • The Trans Mountain pipeline said on Wednesday it was still operating safely and using sprinklers to protect its infrastructure.
  • "Firefighters ... are working to save as many structures as possible and protect critical infrastructure, including the wastewater treatment plant, communications facilities, the Trans Mountain Pipeline," Parks Canada said in a post on Facebook.
  • Gusty winds are expected to fan the fires but rain is forecast for overnight.
  • Imperial Oil said it has reduced non-essential staff at its 275,000-bpd Kearl oil sands site.
  • "While wildfires have already forced some producers to curtail production, these fires still threaten a large amount of supply," ING Group analysts said in a research note.
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