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

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Saudi Arabia Not Worried About Oil Prices: Finance Minister

OIL

Saudi Arabia is not worried about oil prices as the Kingdom’s oil revenues surpassed 2023 projections, Saudi Arabia’s Finance Mohammed Minister Al-Jadaan told Bloomberg TV.

  • When asked about what Saudi Arabia will do about the price of oil, the minister answered: “I am not worried about that [oil prices] at all actually, in 2023 when we announced the projection of revenues it was on the back of a $100/bbl oil price and a projection of around 11mbpd. We ended the year with 20% less in price and17% in production but still our revenues came above what we projected. We are conservative in our projections.”
  • On the topic of tensions in the Middle East, the minister said: “We are also engaging heavily our diplomatic machine to make sure that we de-escalate in the region.”
Energy BulletsCommodities
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