MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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Netherlands Aims for Groningen Closure October 1

NATURAL GAS

The Netherlands plans to close production at its Groningen gas field by October the FT reported on Sunday citing a government official.

  • The field is set to close October 1 but there is an option of a further year’s production if Europe is suffering a shortage of gas.
  • High gas prices and European shortages have pressured the Dutch government to extend production which was closed due to earthquakes impacting both offshore operations and onshore properties.
  • "It’s very, very simple: everybody who has some knowledge of earthquake danger tells me that it’s really very dangerous to keep on producing there. I’m quite convinced it’s wise to close it down," Mining Deputy Minister Hans Vijlbrief said to the FT.
Energy BulletsCommodities
Energy BulletsCommodities

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