The WTO Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The WTO said global trade was now estimated to expand by just 1.7 percent this year, compared to its April projection of 2.8 percent. Source: AFP/Yahoo
Turkey’s Fatih drilling vessel is reportedly in danger of being left without a scientific team and the necessary technology needed to commence operations in the Eastern Mediterranean. Source: Ekathimerini
Saudi’s Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company’s top official said on Monday. Source: Reuters
OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market. Source: Reuters
