MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0979 MON VS 7.0967

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

Japan Feb Machine Orders +7.7% M/M

MNI JAPAN FEB CORE MACHINE ORDERS +7.7% M/M; JAN -1.7%

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Iraq Crude Production Increases Shelved for Dec 4 Meeting: Argus

OIL

Iraq is unlikely to push for a revision of its Opec+ production baseline at the group's upcoming meeting according to an Argus source with knowledge of the matter.

  • Iraq's new prime minister Mohammed Shia al-Sudani said on 15 November that he wanted to see Iraq’s share of the OPEC+ crude target reviewed upwards but the Argus source said it would not take place at the next meeting.
  • “The market situation today does not allow for an increase in baselines, whether for Iraq or any other Opec+ members." Argus quoted the source as saying.
  • A string of OPEC+ ministers came out over the last week to deny rumors that OPEC+ was set to increase production by 500,000 bpd which was reported by the WSJ.
  • Iraq is aiming to increase its oil production markedly in the coming years. The head of Somo, Alaa Alyasri, said the plan is to increase to around 7mn b/d by 2027.
  • Iraqi crude production stood at 4.6mn b/d in October, 50,000 b/d below its target for the month, according to Argus estimates.
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.