MNI: US TSY: LOWERS Q3 BORROWING ESTIMATE BY $106B TO $740B

MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

OPEC+ Likely Faces No Choice But Cut Extension: Energy Daily

OIL

OPEC+ looks set to be forced to extend its output cuts into Q2 if it wants to keep prices near $80/b, according to Bloomberg’s Energy Daily.

  • Prices are currently around 7% lower than when Hamas attacked Israel on Oct. 7, despite the ongoing conflict.
  • The output cuts have been matched by a wave of new supply, which the IEA said would keep the market well supplied in 2024.
  • However, the cancellation of the cuts could tip the market into surplus and put pressure on prices.
  • Moreover, further discipline may be required with members are already failing to abide by the cuts agreed.
  • Iraq and the UAE are several hundred thousand barrels per day above their quota, while Russia’s shipments recently climbed to a six-week high.
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.