Ahead of an informal side meeting in Algiers later this month that the Organization of the Petroleum Exporting Countries (OPEC) has hinted might include the discussion of freezing production, other countries are lining up to say they will show up, but they don’t think it’s necessary. Source RigZone
Russia’s largest aluminum producer Rusal (0486.HK) said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions. Source: Reuters
The US treasury secretary announced that a looming trade war has been put “on hold.” But European officials are worried that a new trade deal between the US and China could come “at the expense of Europe.” Source: Deutsche Welle
The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned on Sunday. Source: The Local
