MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI: ITALY MAR FLASH HICP +1.2% M/M, +1.3% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Chevron Working to Comply With Venezuelan Sanctions

OIL

Chevron is working with the US government to comply with sanctions on Venezuelan crude exports, its Chief Executive Michael Wirth said.

  • The US oil company has just been awarded a new license to expand operations in the country, though a number of restrictions apply which may limit Maduro and PDVSA’s willingness to progress.
  • "We'll work with our government to be sure we stay in compliance with those sanctions," Wirth said. "We've been trying to hang in there for a better day in Venezuela, to be part of building a better future for it. That's really what the opportunity is there."
  • Maduro said the license to Chevron was a step in the right direction and called for "the total lifting" of sanctions on the country's oil industry.
  • Easing sanctions on Venezuela could allow the country to emerge as an alternative crude source for Gulf refiners that are now missing Russian flows.
Energy BulletsCommodities
Energy BulletsCommodities

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