Weaker local demand bite into China’s retail sales and industrial output growth

14 Dec 2018 The Chinese government has released data for November retail sales and industrial output growth, and both saw reductions from October.

12 Dec 2018

Extreme weather mildly affects North-South delivery in China

Some areas in Northern China are experiencing drastic drop in temperature causing heavy snow and hamper the smooth transportation of raw material in and out of the region.

12 Dec 2018

China is removing auto tariffs on USA cars, underlining the progress of trade talks

This is an important step in reversing the tit-for-tat trade tension between the two countries, industry experts said.

11 Dec 2018

China’s auto sales dropped steeply in November

Sluggish economy and the cripple effect of the trade war with the USA are cited as the main factor for the dive.

08 Dec 2018 Brent NYMEX

OPEC+ struck a deal to cut oil output by 1.2 million barrels

The cartel agreed that OPEC members would cuts 800,000 barrels a day while the Russia-led group would handle the remaining.

07 Dec 2018 Brent NYMEX

UPDATE: OPEC ended second day meeting without an output cut agreement

OPEC members ended the second day meeting in Vienna without any concrete agreement on the oil output reduction, as “member countries are not ready to cur equally”.

06 Dec 2018 Brent NYMEX

OPEC+ agreed to oil output cut, but yet to finalize the number

Oil prices have fallen approximately 30 percent from the multi-year high levels in early October, prompting the action from OPEC+.

04 Dec 2018 HD Film LL C4 Film PPH Raf

US said China agreed to cut tariffs on US car imports; petchem players on watch out

This is regarded as a positive development in the progress of resolving the trade issues between the world’s two largest economies.

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