MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

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

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

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

MNI: SWEDEN Q2 GDP +0% Y/Y

MNI: SWEDEN JUN RETAIL SALES -0.1% Y/Y

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

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

OPEC+ Production Rises 580,000 bpd m/m September: Argus Estimates

OIL

OPEC+ production rose by 580,000 bpd m/m to 41.31mn bpd in September according to Argus estimates – the largest monthly increase in two years. (figure includes Iran, Libya and Venezuela – exempt from production targets)

  • 13-member OPEC increased output by 410,000 bpd in September while nine non-Opec members rose by 170,000 bpd.
  • “The gains brought the 19 OPEC+ members adhering to output targets closer to their 36.92mn bpd collective production pledge. But they remained around 770,000 bpd below this” according to Argus.
  • Saudi Arabia posted the second largest OPEC+ gain in September, up by 150,000 bpd m/m to 9.05mn bpd – missing the 1mn bpd cut from July levels by 70,000 bpd.
  • Russian production grew by 30,000 bpd in September to 9.5mn bpd, putting it 50,000 bpd above its 9.45mn bpd target.
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.