Saudi Aramco has announced commercial partnerships worth over $10 billion with 14 American companies during the Saudi-US CEOs forum held in New York, which aims to promote bilateral business and cooperation between the two countries. Source: Rigzone
European shares opened deep in the red on Monday, adding to the worst weekly fall of the year last week after disappointing economic data in Europe and the United States stoked fears of recession. Source: Reuters
The Pentagon has sent ships through the Taiwan Strait — the third time in as many months — as Washington ramps up naval activities in the waterway, stoking fears in Beijing of a growing alignment with Taipei. Source: Japan Times
China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging. Source: Bloomberg
