Nigerian oil is being scheduled to increase by over 500,000 b/d by Exxon Mobil and Royal Dutch Shell. Libya seeks to double its output in 4 weeks to 600,000 b/d and reach 950,000 b/d by year-end. Source: Seeking Alpha
European Commission Vice President Maroš Šefčovič said on May 23 that the time has come for another round of trilateral talks with Russia and Ukraine to find a “Constructive and stable co-operation between Russia and Ukraine in the field of energy is of utmost importance for the European Union.” Source: New Europe
China will take in more natural gas from the United States to satisfy growing domestic demand, a Chinese consultancy has said amid trade talks between Washington and Beijing seeking to settle differences about a major U.S. trade deficit with Asia’s second-largest economy. Source: Oil Price
German exports fell the most in more than five years at the start of 2018, holding back growth in Europe’s largest economy. A breakdown of first-quarter gross domestic product data showed foreign sales fell 1 percent, the most since 2012. Imports also declined, and net trade knocked 0.1 percentage point off GDP. Source: Bloomberg
