Tag Archives: Reuters International News Agency

The market is expecting the EIA to report a 900.000-barrel drop in crude stockpiles for the week ended May 24.

OPEC. Russia and other producers agreed to cut output by 1.2 million barrels per day (bbl d) from January for six months to boost oil prices by reducing global inventories.

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020.

OPEC and some allies including Russia are due to meet next month to discuss output policy going forward.

Many U.S. reactors have already seen their lifespan extended to 60 from 40 years.

There is great anxiety in the market today mainly related to supply concerns.

Fiat Chrysler has made a transformative merger proposal to Renault. the Italian-American carmaker said. in a deal that would create a new third-ranked global manufacturer.

In oil futures markets. the trade war effect is better seen beyond the spot market.

China in April imported 3.24 million tons of crude oil from Iran. or 789.137 bpd. up from March’s 541.100 bpd.

European states had to do more to preserve the 2015 nuclear deal in the face of the US withdrawal last year.