MNI China Daily Summary: Monday, February 10

MNI BRIEF: PBOC'S Zou Promoted To Vice Governor Role

MNI BRIEF: China Steel To See Limited Impact From U.S. Tariffs

MNI: China CFETS Yuan Index Down 0.15% In Week of Feb 7

MNI: PBOC Net Drains CNY234 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1707 Mon; -1.31% Y/Y

MNI: NORWAY JAN CORE CPI +0.1% M/M, +2.8% Y/Y

MNI: NORWAY JAN CPI +0.2% M/M, +2.3% Y/Y

MNI: US DEC CONSUMER CREDIT +$40.8B

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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OIL: Room for OPEC+ to Bring Back Supply: Currie

OIL
BulletEnergy BulletsCommodities

Oil markets are signalling they are tight with low inventories, opening the space for OPEC+ to bring back supply according to Carlyle Groups Jeff Currie speaking on Bloomberg tv. 

  • Sanctions have curbed oil flows from Iran and Russia by 1m to 1.5m b/d, though this has been mitigated by “redirection”
  • “There’s more-than-enough room for OPEC+ to bring on that supply come April” Currie said.
  • “It’s difficult” for US oil production to grow
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Oil markets are signalling they are tight with low inventories, opening the space for OPEC+ to bring back supply according to Carlyle Groups Jeff Currie speaking on Bloomberg tv. 

  • Sanctions have curbed oil flows from Iran and Russia by 1m to 1.5m b/d, though this has been mitigated by “redirection”
  • “There’s more-than-enough room for OPEC+ to bring on that supply come April” Currie said.
  • “It’s difficult” for US oil production to grow