Russia, the world’s largest energy exporter, is on course to pump a post-Soviet record amount of oil in September, adding as much as 400,000 barrels a day to the country’s production. The output surge comes as OPEC nations meet in Algeria, with discussions to curb a global surplus at the top of their agenda. Source Bloomberg
If Theresa May wanted proof she is running out of friends in Europe, she need only have ventured to the Roy d’Espagne brasserie in Brussels late last night. For while the Prime Minister dined alone after another summit mauling, Angela Merkel, Emmanuel Macron and the rest of their European chums were drinking the night away and enjoying the city’s famous beers. Source The Telegraph
President Donald Trump says it “certainly looks” as though missing Saudi journalist Jamal Khashoggi is dead. Trump did not say Thursday what he based his conclusion on. But he says the consequences for the Saudis “will have to be very severe” if they are found to have killed him. Trump has previously warned that the kingdom will face “severe punishment” from the U.S. if it is determined that Saudi Arabia was responsible for Khashoggi’s death. Khashoggi hasn’t been seen since entering the Saudi consulate in Istanbul more than two weeks ago. Turkish authorities say he was killed and dismembered. The Saudis have denied involvement. Source AP News
One of the oldest coal companies in the U.S. with connections to Coshocton filed for bankruptcy protection Oct. 9 to deal with more than $1.4 billion in debt amid declining demand for the fuel. Englewood, Colorado-based Westmoreland Coal Co. filed for voluntary Chapter 11 protection in U.S. Bankruptcy Court in Houston as part of a restructuring agreement with an unnamed group of lenders. Source Coshocton
