MNI BRIEF: China's Soft Land Sales Reducing Fiscal Income

(RPT) MNI: RBA Labour Market Rethink Seen Making Cuts More Distant

MNI: China CFETS Yuan Index Down 0.50% In Week of Aug 23

MNI: PBOC Sets Yuan Parity Lower At 7.1139 Mon; +1.97% Y/Y

CHINA PBOC CONDUCTS CNY471 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Net Injects CNY418.9 Bln via OMO Monday

MNI: GERMANY AUG IFO BUSINESS CLIMATE INDEX 86.6

NBH Data Watch

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

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

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

Ecuador's Oil Production May Be Forced Shut

OIL

Ecuador may be forced to stop producing oil in the next 48-hours according to a government statement, with production in the country already running at 50% as off Sunday because of protests across its oil infrastructure for the last two weeks.

  • Prior to the protests, Ecuador was extracting 520,000 bpd of crude. A total 1,176 oil wells have been forced to stop pumping.
  • The protestors have demanded fuel costs subsidies, a cornerstone of the issues forcing the disruption. The government has offered a 10 cent per gallon cut on Sunday but that is well short of the 45 cent per gallon cut to gasoline and 40 cent cut for diesel demands.
Energy BulletsCommodities
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.