MNI China Daily Summary: Tuesday, Aug 20

RIKSBANK CUTS POLICY RATE BY 25BP TO 3.5%

China Repo Rates Rise On Tuesday

MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1325 Tues; +2.12% Y/Y

MNI: EUROZONE JUN CONSTRUCTION OUTPUT +1.7% M/M, +1% Y/Y

Final Data Broadly Confirms Flash HICP Details

MNI: EUROZONE JUL FINAL HICP +0% M/M, +2.6% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Chevron Boosted Venezuela Crude Output to 150kbpd

OIL

Chevron has increased its crude production Venezuela to 150kbpd, from 50kbpd prior to the US sanction relief in October, while conditions are still too uncertain to ramp up investments, Chevron chief executive Mike Wirth said.

  • "We haven't put much new capital into Venezuela yet," Wirth said "To allocate long-term capital to anything that would grow would require much more certainty, stability and a clear line of sight on a long-term future in Venezuela than anything that we see at the present."
Energy BulletsCommodities
Energy BulletsCommodities

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