MOSCOW (Reuters) – Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft (TRNF_p.MM) and the country’s…
Emissions rules and electric shift to spur car engines M&A
Mergers and acquisitions have been stuck in a rut since Volkswagen (VOWG_p.DE) was caught cheating pollution tests in 2015, triggering a global tightening of emissions regulations that depressed the value of petrol…
China refiners curb fuel output after massive new plants stoke glut
Reuters/Singapore/Beijing China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on crude oil demand from…
The ECB Needs to Explain Itself
Ambiguity is hampering effective policymaking by the European Central Bank and leaving market participants wondering what to expect. A review of the ECB’s policy framework would help to eliminate such ambiguity –…
EU ministers collide over timid eurozone reforms
Agence France Presse LUXEMBOURG: EU finance ministers wrangled over watered-down economic reforms Thursday with France hoping the eurozone budget it has long been pushing for was finally within reach. Almost a decade…
Gushing European energy IPO pipeline faces muted investor appetite
Norway’s Okea, Britain’s Neptune, Chrysaor, Siccar Point and Spirit Energy are all either actively preparing or expected to plan an initial public offering (IPO) in the short term, as are recently merged…
OPEC warns that trade tensions are hurting global oil demand
LONDON (Bloomberg) — OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead. The organization, due to…
Higher gas prices, North Field production boost Qatar account surplus: World Bank
Qatar’s current account surplus increased to 8.7% in third quarter of 2018, from less than 4% in 2017 due to higher gas prices and production from the North Field, the country’s biggest…
Turkey drafts law to help banks restructure debt
(Reuters) – A draft law submitted to Turkey’s parliament introduces tax exemptions to loan restructurings and legal protection for bankers as Ankara tries to make it easier for banks to restructure bad…
The Lessons of the EU Leadership Fight
The haggling may have been unedifying, but the candidates nominated by the European Council to lead the European Union’s governing institutions are undoubtedly impressive. If approved by the European Parliament, German Minister…