MNI BRIEF: BOJ Real Export Index in Q1 Falls 2.5% Q/Q

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

Indonesian Sov Curve Steeper, Retail Sales Rose 3.5% y/y

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Support for Brent Time Spreads After OPEC+ Meeting

OIL

Brent time spreads recovering some ground after a week of losses

  • Easing sentiment of supply constraints after the return of Libyan supplies back to 1.2mbpd and reports of a smaller impact of sanctions on Russia flow than originally forecast have pushed spreads lower in recent weeks.
  • Spreads are finding support after the very limited action from OPEC+ earlier in the week, with only a 100kbpd increase in Sep. They also gave warnings of limitations on spare capacity and look to be saving production in case of future supply disruptions.
  • Flat price is hovering just up on the day as economic concerns are weighed against the uncertain supply picture.
    • Brent OCT 22 up 0.2% at 94.31$/bbl
    • WTI SEP 22 up 0% at 88.58$/bbl
    • Brent OCT 22-NOV 22 up 0.15$/bbl at 1.77$/bbl
    • Brent DEC 22-DEC 23 up 0.31$/bbl at 7.43$/bbl
    • WTI SEP 22-OCT 22 up 0.03$/bbl at 1.01$/bbl
    • WTI DEC 22-DEC 23 up 0.26$/bbl at 7.65$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

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.