China’s factory gate prices extended their falling streak to 47 months in January, indicating persistent deflationary pressure and fuelling calls for further supportive policies to counter economic headwinds. Source China Morning Post
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to the Vietnamese unit of the Russian company told Reuters there were concerns there about China’s possible reaction to the drilling. Source: Reuters
The UK government announced on Thursday plans to facilitate timely decisions on shale gas exploration planning applications in England as part of a plan to reduce dependence on gas imports amid an ongoing decline in the UK North Sea’s conventional gas production. Source: Oil Price
Hundreds of truck drivers blocked roads across Bulgaria on Thursday (17 May) as European Union leaders met in Sofia, protesting against proposed EU rules they say would cost them their jobs and put their firms out of business. Source: Euractiv
