Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world’s biggest oil producers failed, helping keep a 1.5 MMbpd surplus from expanding. Disruptions ranging from pipeline attacks to field shutdowns have taken 800,000 bopd offline this year, according to energy-industry consultant FGE. Source: WorldOil/Bloomberg
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Top Turkish and Russian economy officials are set to discuss key economic, political, technical and trade issues at an international fair in the Aegean city of İzmir, which will start on Aug. 18 and last until Aug. 27. Source: Daily News
There are signs of UE recovery,with Eurostat reporting 2.2% euro-area growth over the second quarter of 2017, up from last year’s 0.6%. Central/Eastern Europe was growing fastest: Romania (5.7%), Latvia (4.8%), Czech Republic (4.5%) and Poland (4.4%). The weakest growth was in Belgium (1.4%), Italy (1.5%), Finland and UK (1,7). Source: Euobserver
Singapore stands ready to partner China to jointly build the Belt and Road Initiative, Singapore’s Minister for National Development and Second Minister for Finance Lawrence Wong said on Tuesday. Source: China Daily