MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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RBC Says Stricker Iran Sanctions Could Knock Out 300-500kbd of Supply

OIL

RBC’s head of commodity strategy Helima Croft said that global oil markets may soon lose 300-500,000 bpd if the US more strictly enforces Iranian sanctions after potential involvement in Hamas attacks on Israel.

  • She said that easing sanctions on Venezuelan oil this week would not deliver much additional oil – despite Washington’s claims.
  • The Venezuelan oil will however begin flowing to the US rather than Asia, where it has been selling for significant discounts while sanctioned.
  • Croft said if the Hamas-Israeli conflict broadens into a wider war, Saudi Arabia and the US could attempt coordinated action to prevent an oil price spike.
Energy BulletsCommodities
Energy BulletsCommodities

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