France’s economy slowed for the first time since early 2013 in the second quarter of 2016, hurt by a dip in consumer spending, in a blow to President Francois Hollande ahead of a presidential election. In its third estimate for the period, the national statistics agency revised lower its second quarter growth reading to -0.1 percent. Source Reuters
On Tuesday, around 5 am, a young man fled after being checked and hit a pole. According to the police, there would have been no chase. Source Le Parisien
The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation’s Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies of crude. Source: Reuters
Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country. Source: Reuters
