MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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AMERICAS OIL: Equinor’s New FPSO for Bacalhau Oil Field Arrives in Brazil: BBG

AMERICAS OIL
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Equinor’s New FPSO for Bacalhau Oil Field Arrives in Brazil: Bloomberg

  • Equinor’s FPSO 220k boe/d Bacalhau arrived in Brazil as it prepares to produce the first oil this year, according to vessel movements compiled by Bloomberg.
  • That field produces a medium sweet grade to be marketed as Bacalhau with ~33 API and 0.23% sulfur per person with knowledge of the situation who asked not to be named.
  • Bacalhau field off the Brazilian coast is operated by Equinor with Exxon Mobil, Petrogal Brasil, a venture between Galp and Sinopec, and Brazil’s PPSA as partners.
  • Phase 1 reserves estimated at >1b bbls: Equinor
  • First oil expected in 2025
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Equinor’s New FPSO for Bacalhau Oil Field Arrives in Brazil: Bloomberg

  • Equinor’s FPSO 220k boe/d Bacalhau arrived in Brazil as it prepares to produce the first oil this year, according to vessel movements compiled by Bloomberg.
  • That field produces a medium sweet grade to be marketed as Bacalhau with ~33 API and 0.23% sulfur per person with knowledge of the situation who asked not to be named.
  • Bacalhau field off the Brazilian coast is operated by Equinor with Exxon Mobil, Petrogal Brasil, a venture between Galp and Sinopec, and Brazil’s PPSA as partners.
  • Phase 1 reserves estimated at >1b bbls: Equinor
  • First oil expected in 2025