MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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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US Purchased 2.8mbbl of Crude for SPR September Delivery

OIL

The US DOE purchased 2.8mbbl of crude oil for the strategic petroleum reserve, bringing the total amount of oil that the US has purchased for the reserve since last year to 32.3mbbl, it said on Thursday.

  • The oil will be delivered to the Big Hill storage site between 1-30 September.
  • The Energy Department is also seeking some 3mbbl for a site that had been down for maintenance — the Bayou Choctaw site in Louisiana — starting with 1.5mbbl in August, and an additional 1.5mbbl in September.
  • The SPR currently holds about 363mbbl, according to Energy Department data.
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