Frankfurt: Italy could soon find itself excluded from the heart of Euro-area monetary policy for the first time in the currency’s two-decade history. European Central Bank President Mario Draghi’s eight-year term ends in October 2019 and his country has no automatic path to a seat on the Executive Board after that. Source Gulf-News
EU Enlargement Commissioner Johannes Hahn was quoted Nov. 6 as telling German daily Die Welt: “I think that, in the long term, it would be more honest for Turkey and the EU to go down new roads and end the accession talks.” Source: Hürriyet Daily News
Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of Nigerian state oil firm NNPC said on Tuesday. Source: Reuters
Downing Street has confirmed that a draft Brexit agreement has been reached between the UK and European Union. British Prime Minister Theresa May will present it to her senior ministers on Wednesday, but it is unclear if May will be able to get any deal approved by UK parliament. Source: Euronews
