Russian gas exports via pipeline to Europe and Turkey in the first 10 months of 2016 were 13.05 Bcm higher year on year, data from state-controlled Gazprom showed Tuesday, pointing to a surge in supplies of some 2.3 Bcm in October. Source Platts
- Iran has recently quadrupled its uranium production, a spokesperson for the nation’s atomic energy agency says.
- The nation has stopped complying with key parts of the 2015 Iran nuclear deal.
- U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide.
- The Federal Reserve says industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April.
- Industrial production also fell 0.5% in February.
Turkey is preparing for potential U.S. sanctions over its purchase of Russian S-400 surface-to-air missile defense systems as Ankara considers the acquisition a “done deal,” Defense Minister Hulusi Akar said on Tuesday. Speaking to reporters, Akar said the U.S. was still trying to dissuade Turkey from purchasing the Russian-made missiles but Ankara was determined to go through with the deal. Source: Daily Sabah
