MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

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

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Japanese Interests in Sakhalin-1 Still Under Discussion

OIL

Japan is still to consult stakeholders on their plans for participation in Russia’s Sakhalin- 1 oil and gas project.

  • Russia last week issued a decree allowing it to seize Exxon Mobil's 30% stake and gave a Russian state-run company the authority to decide whether foreign shareholders can retain their participation in the project.
  • Japanese industry minister Yasutoshi Nishimura said earlier in the week that the project was key for diversifying the countries energy supply because it is mostly dependent on the Middle East.
  • Any immediate impact on Japan's oil supply will be limited as the country stopped importing crude from the project in May Nishimura added.
  • Japan has also requested Petronas to minimize the impact of LNG supply outage due to damage at the Malaysia LNG Dua liquefaction terminal.
Energy BulletsCommodities
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