Russia cut its oil output in June by an average of 278,000 barrels per day from levels seen last October, Interfax news agency cited Russian Energy Minister Alexander Novak as saying on Monday.
Walmart plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said on its social media account Monday.
China has agreed to make unspecified new purchases of farm products from the United States, President Donald Trump said after meeting his Chinese counterpart Xi Jinping in Japan.
Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to cut back wagers on aggressive policy easing by the major central banks.
Russian Energy Minister Alexander Novak said on Monday that all OPEC and non-OPEC countries favored extending their global oil output deal by nine months under the same terms agreed in December.
Iraq’s oil minister said on Monday that his government and the rest of OPEC seek to control global oil inventories and restore balance to the oil market which faces “huge challenges”, according to a ministry statement.
Kazakh Energy Minister Kanat Bozumbaev said on Monday that most ministers representing OPEC and non-OPEC countries at talks in Vienna favor extending their global oil output deal by nine months.
Russian oil production rose to 11.15 million barrels per day (bpd) in June from 11.11 million bpd in May, two industry sources told Reuters on Monday, although it was still within output levels agreed in a global supply deal with OPEC.
Walmart plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said in a statement on its verified social media account Monday.
U.S. President Donald Trump’s decision to allow U.S. firms to sell “high tech” products to Huawei led Asian investors to snap up shares in suppliers to the Chinese smartphone maker on Monday, even as some experts wondered what had changed.
Oil prices were up on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.
Factory activity shrank across much of Europe and Asia in June as the simmering U.S.-China trade conflict put further strains on the manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.
Italian infrastructure group Atlantia accused ruling 5-Star officials on Monday of selectively leaking a government report in a campaign to revoke the group’s national toll-road concession.
Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks.
Oil prices rose over $2 a barrel on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.
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