MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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UAE Open To Oil Production Increase

ENERGY SECURITY

CNN's Eoin McSweeney in Abu Dhabi has reported that the 'UAE Ambassador to Washington, Yousef Al Otaibi says they are in favor of an oil production increase and will be encouraging OPEC to consider higher output.'

  • OPEC+ plus has consistently resisted calls to hike production but the US is planning to exert more pressure on Saudi Arabi to ramp-up production. Pressure may include a Biden visit to the Kingdom, although the proposed visit has received blowback domestically.
  • The UAE and Saudi Arabia are the only two OPEC states considered to have the capacity to increase production.
USPolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy Bullets
USPolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy Bullets

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