MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

What to Watch: OPEC MOMR, ARA Crude & US Oil Stocks, US CPI

ENERGY
Energy BulletsPower BulletsStoryCommodities
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks last week fell further below normal to 48.8mbbl.
  • The EIA weekly petroleum inventory data for the week ending Dec. 6 is due for release today at 10:30ET (15:30GMT). A Bloomberg survey expects a 0.74mbbl draw in U.S. crude stocks, a 0.55mbbl build in gasoline and a 1.19mbbl build in distillates while refinery utilisation fell 0.53 percentage points.
  • The US CPI data is due at 08:30ET. The November data is expected to show headline ticking up to 2.7% y/y but core steady at 3.3% y/y. The Fed is currently forecast to cut rates 25bp on December 18.
  • The OPEC Monthly Oil Market Report is due for release today (at 12:40 CET last month) with focus on the global market balance and future demand growth forecasts.

 

135 words

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.
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks last week fell further below normal to 48.8mbbl.
  • The EIA weekly petroleum inventory data for the week ending Dec. 6 is due for release today at 10:30ET (15:30GMT). A Bloomberg survey expects a 0.74mbbl draw in U.S. crude stocks, a 0.55mbbl build in gasoline and a 1.19mbbl build in distillates while refinery utilisation fell 0.53 percentage points.
  • The US CPI data is due at 08:30ET. The November data is expected to show headline ticking up to 2.7% y/y but core steady at 3.3% y/y. The Fed is currently forecast to cut rates 25bp on December 18.
  • The OPEC Monthly Oil Market Report is due for release today (at 12:40 CET last month) with focus on the global market balance and future demand growth forecasts.