MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI: GERMANY NOV CPI +2.2% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OPEC+ Cuts Could Extends Through H2: Citigroup

OIL

The OPEC+ group is expected to maintain production cuts through the second half of this year, according to Citigroup.

  • Output cuts may start to ease if prices rise to the $90 to $100+/bbl range and would provide a “soft ceiling” for oil.
  • Saudi Arabia is seen as most keen to maintain cuts, but other members with spare capacity such as the UAE and Kuwait may want to ease production cuts sooner.
  • The market currently looks “finely balanced,” amid geopolitical risks and Red Sea shipping disruptions through to mid-year. “With this fine balance, OPEC+ can likely hold production cuts for longer without much loss of market share yet.”
  • Weaker prices going into 2H could be driven by the perception of softer geopolitical risks in recent weeks reflected in a flattening of time spreads.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

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.