China Auto Dealers issue a Vehicle Inventory Alert – the index soared most on record by 18.6 percentage points to 61.5%. (A reading above 50% indicates low market demand and high inventories). The total market demand index was 23.0%, a decline of 51.6 percentage points, a substantial decline in market demand index. Source: ZeroHedge
OPEC kingpin Saudi Arabia does not wish to impose a 1973-style oil embargo on Western consumers, the country’s energy minister reportedly said Monday, amid a deepening crisis over the killing of journalist Jamal Khashoggi. Source: CNBC
Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Source: Reuters
Prime Minister Shinzo Abe of Japan faces a tough balancing act as he heads to Beijing for a Thursday summit with Chinese President Xi Jinping. Source: CNBC
