Exxon is diverting about one-third of its drilling budget this year to shale fields that will deliver cash flow in as little as three years. Next year, U.S. shale will absorb 50 percent of Exxon’s worldwide drilling budget. Source: Bloomberg
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Dealing a serious blow to President Donald Trump’s agenda, the Senate early Friday rejected a measure to repeal parts of former President Barack Obama’s health care law after a night of high suspense in the U.S. Capitol. Source:France24
Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. Source Bloomberg
Ankara’s purchase of the S-400 missile defense systems from Russia should not be worrying President Recep Tayyip Erdoğan said, as he announced the deal with Russia has been signed Source Daily Sabah