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Russian Official: Not planning to boost oil output amid oversupply - Bloomberg

Russia is not planning to boost oil output amid oversupply, according to a Russian government official, cited by Bloomberg.

He added that Russia is not holding oil talks with Saudi Arabia yet.

 

More to come …

China: Upbeat PMIs at odds with GDP forecasts – UOB

Economist Ho Woei Chen, CFA, at UOB Group, assessed the recent improvement of the key PMIs for the month of March. Key Quotes “China’s official Purcha
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Commodities: Base metals prices at low level in the coming quarters – ABN Amro

The sharply lower oil price means that energy costs for mining companies are falling. Oversupply is looming and with weaker demand for metals due to t
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