MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

MNI Commodity Weekly: OPEC+ Announcements Lack Sway but May Yield More Power Year End

OIL

Executive summary:


  • OPEC+ Announcements Lack Sway but May Yield More Power Year End: Saudi Arabia and Russia’s commitment to shore up global crude supplies failed to make much traction as the overriding theme of weak economic sentiment in a high interest environment maintain their hold on the market.
  • Oil Markets: Crude edging higher this week after extended Saudi production cuts but upside is limited by disappointing economic data. Refinery margins have dipped amid weak demand concerns and returning global supplies.
  • Gas Markets: European and US gas prices trend higher with warm weather supporting both regions while tight supply continues to drive TTF market volatility.

Full piece here:


MNI Commodity Weekly - OPEC+ Announcements Lack Sway but May Yield More Power Year End.pdf

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.