Oil prices have recently edged below $50 a barrel, but several U.S. drillers have already locked in higher prices for the barrels they sell this year, a new report says. After OPEC announced it would trim oil production in late November, nearly three dozen of the largest U.S. explorers increased oil hedging activity by a third. Source Fuelfix
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China’s Foreign Ministry on Wednesday once again asked India to withdraw all its troops and equipment from Chinese territory, as the border standoff in the Dong Lang (Doklam) area approaches its second month. Source: People’s Daily
Top Turkish and Russian economy officials are set to discuss key economic, political, technical and trade issues at an international fair in the Aegean city of İzmir, which will start on Aug. 18 and last until Aug. 27. Source: Daily News
The Defense Ministry plans to introduce a land-based Aegis missile defense system to respond to North Korea’s missile threats and will seek funding in the next fiscal year to cover system design costs, a government source said Wednesday.