News in Brief
Russia energy exports to China to grow
AFP – Russian energy deliveries to China were set to grow by 40 percent this year, Deputy Prime Minister Alexander Novak said Tuesday, as Moscow seeks to deepen ties with Beijing in the face of Western sanctions.
Novak travelled to Shanghai as part of a delegation accompanying Russian Prime Minister Mikhail Mishustin.
Speaking at a Russian-Chinese Business Forum, Novak said energy was a key pillar of cooperation with China.
Eurozone economic growth slows in May
CNBC – Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial production, according to a closely watched survey published on Tuesday.
For the fifth month in a row, growth in the 20-country single currency zone remained in positive territory, but growth is now at its lowest level since February.
Saudi oil minister warns market speculators to ‘watch out’
BLOOMBERG – Saudi Oil Minister Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead.
“Speculators, like in any market, they are there to stay. I keep advising that they will be ouching. They did ouch in April. I don’t have to show my cards, I’m not [a] poker player … but I would just tell them, watch out,” he said during an energy-focused panel of the Qatar Economic Forum in Doha.