MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Weaker Fundamentals to Drive Next OPEC+ Decision: Eurasia Group

OIL

During the next OPEC+ meeting on 26 November, the producer group will need to decide on whether to cut output proactively to get ahead of the situation or to wait whether current price levels are proving to be a floor over the next two months, Eurasia Group said in a note.

  • Brent prices have rebounded to above $80/bbl but weaker fundamentals that are weighing on prices are still there, the note said.
  • There is some speculation on deeper cuts, but “with the prospect of even weaker fundamentals early next year, OPEC+ may want to keep its powder dry”, it said.
  • “The only thing that appears certain is that Saudi Arabia will extend its voluntary 1-million-barrel-per-day cut into next year”, the note said.
  • “The group may hold firm while Saudi Arabia extends its voluntary cuts into 2024,” the note suggested.
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.