Saudi signals first cut in crude supplies to Asian customers -sources

Saudi Arabia, the world’s biggest oil exporter, has notified at least two Asian refiners of its first cuts in crude allocations for regional buyers since an OPEC output reduction took effect in January, two refining sources told Reuters on Wednesday.

PBOC’s Zhou Signals China 6.5% GDP Growth Target ‘Within Reach’

People’s Bank of China Governor Zhou Xiaochuan said the nation’s expected 6.5 percent growth target for this year is “within reach” and financial risks are well under control.

Draghi Caution on Inflation Signals Stimulus Stays for Now

Mario Draghi has left little doubt that he’s not ready to accept euro-area inflation has truly returned, and a closer look at data from the 19-nation region helps explain his hesitation.

Iran signals more willingness for OPEC action to boost oil price

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.

Draghi Signals ECB May Boost Stimulus Later This Year

Mario Draghi said the European Central Bank won’t hesitate to add fresh stimulus if needed once it has a clearer picture of the economic impact from the U.K.’s vote to leave the European Union.

Maersk signals way forward on ITF agreements on charters

Shipping giant Maersk has agreed that it will ensure that any vessel it charters has an ITF (International...

Analysis: China's price move signals discomfort with oil plunge

The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil...