OPEC agrees modest hike in oil supply after Saudi and Iran compromise
OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said.
Oil traders ready for musical chairs as China tariffs loom
Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.
Iran signals compromise for modest rise in OPEC oil output
Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production.
Turkey opens TANAP pipeline that will bring Azeri gas to Europe
Turkey and Azerbaijan have inaugurated the TANAP pipeline that will bring gas to Europe while bypassing Russia. The project has won political support from both the United States and European Union.
China's premier hopes trade war can be averted, pledges more open economy
Voicing hopes that Beijing and the United States could avoid a trade war, Premier Li Keqiang told the close of the annual parliament session that China would open its economy further, so that foreign and Chinese firms can compete on an equal footing.
China says it does not want a trade war with U.S.
China does not want a trade war with the United States but will defend its interests, a senior Chinese diplomat said on Sunday, after U.S. President Donald Trump announced a plan to put tariffs on steel and aluminum imports.
China says will protect its interests amid U.S. trade probe
China’s Commerce Ministry said on Saturday the country will take necessary steps to protect itself if a final U.S. decision on imposing steep curbs on steel and aluminum imports from China and other countries affects China’s interests.
China aims to meet 2020 target for steel capacity cuts this year, warns on resumption
China aims to meet its target for reducing steel production capacity two years earlier than planned, the industry ministry said in a statement on Wednesday, as the world’s top steel producer ramps up its years-long push to reduce excess output.
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