New car sales in France were down 12.8% last month, compared with September 2017. On the whole, however, market decline is relatively contained. While August saw 43,000 extra new-vehicle registrations in France (+40% compared with the same month last year), the counter-reaction in September was less strong, with only 22,000 registrations less (-12.8% to 149,000 registrations). Source Fleet Europe
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backed digital currency. Source: Oil Price
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia “months” to get down to its requested level. Source: Oil Price
China’s 2018 crude steel output is expected to set an annual record of 923 million tonnes before slipping back to 900 million tonnes next year, a government consultancy said on Monday. Source: Reuters
