Weak demand both at home and abroad drove an unexpected fall in German industrial orders in September, data showed on Monday. Contracts for goods ‘Made in Germany’ were down by 0.6 percent on the month, the sharpest fall since April. Source: Reuters
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
Saudi Arabia is seemingly planning to build an oil port in Yemen’s al-Mahra governorate in the country’s southeast, where Saudi and United Arab Emirates’ troops are present. Source: Al Jazeera
