MNI China Daily Summary: Thursday, May 30

MNI BRIEF: China Export Controls On Aerospace & Shipping Items

MNI: PBOC Net Injects CNY258 Bln Via OMO Thurs; Rate Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1111 Thurs; -2.35% Y/Y

CHINA PBOC INJECTS CNY260 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1111 THURS VS 7.1106

MNI: US NAR APR PENDING HOME SALES INDEX 72.3 V 78.3 IN MAR

Initial Jobless Claims Tick Higher, Continuing Roughly In Line

Consumption Drives Downward Q1 GDP Revision

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Kazakhstan Open to More Oil to France

OIL

Kazakhstan is ready to increase crude volumes to France according to its President Kassym-Jomart Tokayev this week.

  • “Such priorities include the energy sector. Kazakhstan is one of the principal suppliers of crude oil to the French market, and our country stands ready to increase the export volume," Tokayev said in a statement with French President Emmanuel Macros in Astana this week.
  • Kazakhstan has increased oil supplies to Germany this year as the country looks for a suitable oil replacement for Russian flows.
  • Tokayev said Kazakhstan has shipped 500,000 metric tonnes of crude to Germany's Schwedt refinery via Russia's Druzhba pipeline this year, sales that began after Berlin decided to stop buying Russian oil.
  • Kazakhstan’s production is rising. Excluding condensate – its production was 1.57mn bpd in October. Its OPEC+ commitment since May has been 1.55mn bpd.
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