Saudi Arabia has said it will cut oil output by at least 486,000 barrels per day (bpd) as it implements OPEC’s agreement to reduce output. According to a source, the Saudi Aramco has started talks with customers around the world on possible cuts of 3% to 7% from next month. Source Energy Voice
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Israeli Prime Minister Benjamin Netanyahu says he will discuss with Russian President Vladimir Putin his concerns about Iran’s military presence in Syria. “I will raise the problem of Iran trying to establish a military presence in Syria,” Netanyahu said on August 22. Source: RadioFreeEurope
EU enlargement commissioner Johannes Hahn has called for a change of course for the EU on Turkey’s accession to join the bloc, after president Recep Tayyip Erdogan urged Turks living in Germany not to vote for the county’s two ruling parties in the upcoming September elections. Source: Euobserver
U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters