MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Iraq Jan Oil Output Fell Below OPEC+ Target

OIL

Iraq’s crude output fell by around 100kbpd in January to 4.29mbpd because of weather-related loadings at the Basrah refinery and turnarounds according to Energy Intelligence estimates.

  • This is the lowest output in ten months and below the country’s OPEC production target.
  • “Seven days of bad weather made it very difficult for the mooring and departure of the vessels, and very bad for the pumping. So sometimes we fully stopped the pumping and loading in January,” said a senior official at Somo.
  • Iraqi production is expected to remain curtailed in February given further Basrah loading disruptions at the start of the month and planned maintenance at the Lukoil-operated West Quran-2 oil field. The latter was expected to take 400,000 b/d offline for ten days starting 20 Feb.
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.