MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

Daily Average Exports Hold Close To Recent Highs, Trade Surplus Firms

MNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan

CHINA JUNE CAIXIN MANUFACTURING PMI 51.8 VS 51.7 IN MAY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US & Canada Daily Oil Summary: N Dakota Output Continues Recovery

OIL

North Dakota oil production is disrupted by 130-180kbpd due to cold weather according to the pipeline authority on Thursday. They had placed estimates at 170-220kbpd on Wednesday.

  • In refinery news, Citgo’s 455kb/d Lake Charles refinery in southwest Louisiana is to start a multiunit turnaround beginning in late February according to Bloomberg sources.
  • Meanwhile, Valero refining throughput volumes averaged 3.0mn bpd in the fourth quarter of 2023, -1.5% y/y.
  • In Canada, West Canadian Select discounts to WTI narrowed to their lowest since Aug. 2023 as the approaching completion of the TMX pipeline looks set to boost demand, according to Oilprice.com.
  • At 14:00 ET 19:00 GMT, Treasury Secretary Janet Yellen is delivering a ‘major speech’ on the economy at an event hosted by the Economic Club of Chicago.
  • A statement from the US Treasury Dep't confirms Bloomberg's earlier report that the US and UK are imposing sanctions on senior officials within Yemen's Houthi movement.
  • Real GDP was clearly stronger than expected with 3.28% in Q4 (cons 2.0, AF GDPNow 2.4, highest analyst estimate 2.5) after 4.9%.
  • New home sales beat expectations in December at 664k (seasonally adjusted and annualized) vs a median estimate 649k. This was 49k up from November and came with upward revisions to the prior 3 months of a total 27k.
  • MNI: US JOBLESS CLAIMS +25K TO 214K IN JAN 20 WK
  • Greenback: The Bloomberg dollar spot index is up 0.2% on the day.
Energy BulletsCanada Bank of Canada Market NewsCommodities
Energy BulletsCanada Bank of Canada Market NewsCommodities

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.