MNI China Daily Summary: Friday, October 11

MNI: GERMANY SEP FINAL HICP -0.1% M/M; +1.8% Y/Y

MNI: PBOC Net Drains CNY183.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.0731 Fri; +3.03% Y/Y

CHINA PBOC CONDUCTS CNY94.2 BLN VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0731 FRI VS 7.0742

MNI: GERMAN SEP CPI +1.6 % Y/Y

MNI: UK AUG TRADE BALANCE GBP -0.95BN

MNI: UK AUG CONSTRUCTION OUTPUT +0.4% MM, +1% 3M3M, +0.3% YY

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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Kazakhstan's Kashagan Oilfield Aiming for "Normal" Production in October at Best

OIL

Kazakhstan’s Kashagan oilfield will resume its usual output levels “in October at best” according to a Reuters interview with Kazakh Energy Minister Bulat Akchulakov.

  • Output from the field was reported at around 100,000 bpd late August, around four times below normal levels because of a gas leak.
  • Akchulakov said future production volumes and time frames for the field will be outlined on Sept. 21-22.
  • Kashagan had planned to boost output to 500,000 bpd after upgrades.
  • "We expect, we would be probably able to switch it on in October at best. We are studying now, at which capacity and how," he said.
  • He also said that all the three mooring points at the Black Sea's terminal of the Caspian Pipeline Consortium (CPC) will resume operations before Oct. 10-15.
Energy BulletsCommodities
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