An agreement by the United States and China to return to the negotiating table on trade is doing little to relieve pressure on the Federal Reserve to cut interest rates.
Iraqi Prime Minister Adel Abdul Mahdi and Saudi Arabia’s King Salman discussed coordination over stabilizing oil prices in a phone call on Monday, Abdul Mahdi’s office said.
The S&P 500 hit a record high on Monday, as investors piled into riskier assets after the United States and China agreed to restart trade talks.
Russian Energy Minister Alexander Novak said after meeting his Iranian counterpart Bijan Zanganeh in Vienna on Monday that Moscow was interested in Iran remaining an equal player in the global energy market, according to a statement released by the Russian energy ministry.
Russia reduced oil production in June by more than the amount agreed in a global deal to cut output, the energy minister and industry sources said on Monday, as the sector still felt the impact of a contaminated crude crisis that crippled exports.
The S&P 500 was on track to hit a record high at the open on Monday, fueled by a revival in trade talks between the United Stated and China and a reprieve to Chinese telecoms company Huawei.
OPEC Secretary-General Mohammad Barkindo said on Monday he is confident that OPEC+ members will succeed in balancing oil production to guarantee market stability, Kuwait state news agency (KUNA) quoted him as saying.
Natural gas producer EQT Corp’s largest shareholder on Monday extended its support for the nominees of Toby and Derek Rice, the two brothers who sold their company to EQT more than a year ago and are pressing for changes to its board.
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.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
