MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI BRIEF: China Politburo Flags Policy Support; 3rd Plenum In July

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI BRIEF: Caixin Apr Manufacturing PMI Hits Over One-year High

MNI BRIEF: China April Mfg. PMI Moderates To 50.4

Strong Q1 GDP Print Consistent With Survey Outperformance

GDP Bounces On Construction / Exports; Weaker End-2023 On Revisions

MNI: ITALY APR FLASH HICP +0.6% M/M, +1% 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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Occidental To Restart GoM Oil Production After November Leak

OIL
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Occidental Petroleum Corp. is due to restart some Gulf of Mexico oil production after being asked to curtail offshore production in late November following a US Gulf oil spill from a Main Pass Oil Gathering Co. pipeline.

  • Production will restart from assets in the eastern part of the Gulf “in the coming days” according to a filing on Wednesday.
  • “Following successful pipeline testing, Occidental is awaiting instructions from the system operator to restart production, which is pending final regulatory approvals,” it said.
  • Occidental expects production from the Gulf of Mexico in Q1 about 20% below the mid-point of its guidance at 90k barrels of oil equivalent a day.
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Occidental Petroleum Corp. is due to restart some Gulf of Mexico oil production after being asked to curtail offshore production in late November following a US Gulf oil spill from a Main Pass Oil Gathering Co. pipeline.

  • Production will restart from assets in the eastern part of the Gulf “in the coming days” according to a filing on Wednesday.
  • “Following successful pipeline testing, Occidental is awaiting instructions from the system operator to restart production, which is pending final regulatory approvals,” it said.
  • Occidental expects production from the Gulf of Mexico in Q1 about 20% below the mid-point of its guidance at 90k barrels of oil equivalent a day.