Global oil majors Chevron Corp and Royal Dutch Shell Plc are putting small refineries on the auction block. Refining profit margins have declined from highs seen in 2015, and the fear is that as crude prices recover from a two-year rout, refiners will be squeezed. Source: Reuters/YahooFinance
Russia’s oil output may decline next year due to a global reduction pact, Energy Minister Alexander Novak said on Tuesday, possibly halting an uninterrupted decade-long run of growth. Source: Reuters
The International Monetary Fund has approved a new $3.9 billion loan agreement for Ukraine, a small victory for President Petro Poroshenko ahead of the presidential election next year. Source: Radio Free Europe
Rome and Brussels appear to have resolved their disagreements and reached a compromise, after Prime Minister Giuseppe Conte promised the EU that his country would reduce its 2019 deficit. Source: Deutsche Welle
