MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

Russia Becomes Top China Oil Supplier, Lavrov to Attend UN Security Council Meeting

RUSSIA
  • Russia blew past Saudi Arabia to become the biggest source of Chinese oil imports last year, Bloomberg report. The world’s biggest oil importer bought a record 107 million tons of crude from Russia in 2023, according to customs data released Monday. That compared with just under 86 million tons from Saudi Arabia. It’s the first time Russia has been China’s No. 1 supplier since 2018.
  • Despite rising interest rates, companies and banks raised a record RUB 5.2trln on the Russian bond market in 2023, 50% more than in 2022, Kommersant report citing data from Cbonds.
  • The Russian authorities asked oil companies at a meeting last week not to raise fuel prices at the pump, Kommersant report. The meeting was held due to the potential impact on the gasoline market of a breakdown at Lukoil's Nizhny Novgorod oil refinery. Regulators have recommended companies ensure sufficient fuel supplies for the domestic market and are not planning more significant steps at this point.
  • Foreign Minister Lavrov will attend the UN Security Council meeting in Ney York today. Bloomberg write that the minister may take part in open debates on the situation in the Middle East and Ukraine. There are no major economic releases on the docket today. PPI data is the highlight this week on Wednesday.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.