CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

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

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Reuters: Delegates Discussing 500k/bbl Per Day Monthly Increase From Jan

OPEC

Wires reporting that talks at the OPEC+ meeting are centering on whether production increases should begin in January or February of 2021.

  • Reuters state that according to 3 sources, delegates are discussing the potential for increases in production to come at 500k/bbd monthly increments, with January being favoured.
  • David Gaffen at Reuters has said that according to sources, Russia, Iraq, Nigeria and the UAE have "all to a certain extent expressed interest in supplying the market with more oil in 2021."
  • Unusual to see Saudi (not in favour of production increase) on the other side from the UAE. Usually in lock-step with one another, a number of outlets have highlighted Abu Dhabi's interest in having its 'Murban crude' oil also used as a global benchmark for oil prices alongside grades from Saudi (Brent) and the US (WTI).
  • A more assertive UAE could see greater pressure for larger or swifter production increases, given it has some of the lowest breakeven costs in the world and is keen to bring in as much revenue as quickly as possible as the UAE economy diversifies away from hydrocarbons in the coming years and decades.
EM BulletHomepagemarkets-real-timePolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timePolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.