ENERGY

Oil prices are higher this morning on the prospect of US-China trade talks (and after better than expected China macro data last night and an implicit suggestion that Beijing will do 'whatever it takes' to maintain the illusion of 5% growth). Prices shrugged off the surprise build in crude stocks reported by API last night.

Elsewhere, Iran said it won’t be drawn into negotiations with the US over its ability to enrich uranium, reducing the potential of looser restrictions on (more…)

Via The Cradle

The United States and Saudi Arabia are moving toward a preliminary agreement to cooperate on developing a civil nuclear program in the kingdom, US Energy Secretary Chris Wright announced this weekend during his visit to Riyadh.

Wright, on his first official visit to Saudi Arabia, met with Saudi Energy Minister (more…)

Authored by Tsvetana Paraskova via OilPrice.cm,

• Some traditional U.S. energy buyers, such as Japan, South Korea, and the EU, have signaled that they may be willing to buy more American oil, LNG, or coal.

• Higher energy imports from the trade partners could dent some of the U.S. trade deficits, but they will by no means fix or erase these.

• Commitments and contracts to buy more U.S. energy will not necessarily spare any buyer from tariffs.

U.S. President Donald Trump (more…)