TOKYO -- Japanese production of ethylene, a chemical for plastics used in products from cars to electronics, has sunk to the lowest in 35 years a
Source: nikkei.com
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Sunday newspaper round-up: Saudi oil output, Asos, 35-year mortgages
Saudi unveiled plans at the weekend to reduce its oil output by 1m barrels per day in a surprise unilateral decision. The move was to take effect from July. The decision came as Secretary of State, Anthony Blinken, was due to travel to Saudi Arabia over the following week. It also followed a meeting between members marred by disagreements, although the Russian and UAE energy ministers denied talk of any split with Saudi. OPEC+ meanwhile did agree to prolong the voluntary cuts announced in April until the end of 2024. The cartel and its allies were to meet again in November and plans might chan...
Source: sharecast.com