Saudi Arabia says oil producers want to reduce inventories
Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market.
Exclusive: Google suspends some business with Huawei after Trump blacklist – source
Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a b…
OPEC has two main options for June meeting, both foresee output rise: sources
Saudi Arabia and Russia are discussing two main scenarios for a meeting of OPEC and its oil-producer allies in June and both frameworks propose increased crude output from the second half of 2019, two sources familiar with the matter said.
OPEC+ will not recommend a course of action on output policy in Jeddah meeting: source
A ministerial panel of major OPEC and non-OPEC producers will not recommend a course of action on oil output policy on Sunday, but will highlight the need to continue monitoring the market until the next meeting in June, a source familiar with the dis…
Saudi energy minister recommends driving down oil inventories, says supply plentiful
Saudi Energy Minister Khalid al-Falih said on Sunday he recommended “gently” driving oil inventories down at a time of plentiful global supplies and that OPEC would not make hasty decisions about output ahead of a June meeting.
Canada vows ‘full steam ahead’ on ratifying trade pact after U.S. lifts metals tariffs
Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum.
Huawei founder says growth ‘may slow, but only slightly’ after U.S. restrictions
Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent U.S. restrictions.
Spain’s Globalia to launch new air carrier in Brazil: cabinet minister
Spanish tourism and transportation company Grupo Globalia will launch a new air carrier in Brazil, Brazilian Infrastructure Minister Tarcísio Gomes de Freitas said in a message posted on Twitter on Saturday.
China’s top diplomat calls for U.S. restraint on trade, Iran
China’s senior diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions had harmed the interests of China and its enterprises, and that Washington should show restraint, China’s foreign ministry said.
Canada vows ‘full steam ahead’ on ratifying trade pact after US lifts metals tariffs
Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum.
