More trouble is looming for VW. An Irish court may force the company to reveal internal documents for the first time relating to the emissions scandal. The implications are huge for the carmaker and future class action suits in Europe and abroad. Source: Handelsblatt
The oil market is “adequately supplied for now,” but the supply losses from Venezuela and Iran leave the market suffering from “strain,” according to a new report from the International Energy Agency (IEA). Source: Oil Price
The UK and EU say key issues remain unresolved following unscheduled Brexit talks in Brussels. Brexit Secretary Dominic Raab and EU chief negotiator Michel Barnier met for more than an hour ahead of a crunch EU leaders’ summit this week. Mr Barnier tweeted that issues, such as how to avoid a hard border with Ireland, were “still open”. Source: BBC
Saudi Arabia on Sunday warned against threats to punish it over the disappearance of journalist Jamal Khashoggi last week, saying it would retaliate against any sanctions with tougher measures, as international criticism increased. “It would lead to Saudi Arabia’s failure to commit to producing 7.5 million barrels. If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure,” he wrote. Source Fnancial Post
