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Macron at sea shows US-France ties stronger than Trump spat

Bloomberg France’s Emmanuel Macron is heading to sea on his biggest warship a day after he suffered a tirade of abuse from Donald Trump. The trip, planned for weeks, will show France’s alliance with the US goes beyond any temporary disagreement between the presidents. France’s sole aircraft carrier, the Charles-de-Gaulle, the world’s most powerful vessel outside the US navy, was ...

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Opec, allies will cut oil output as needed, says group’s president

Bloomberg Opec and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said on Wednesday. If Opec+ needs to reduce output, it will do so, he said in a Bloomberg TV interview in Abu Dhabi. The producers will take whatever steps are necessary to ...

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IEA welcomes crude market’s return to surplus

Bloomberg The International Energy Agency (IEA) welcomed the oil market’s return to surplus as Opec’s production surge sw-ells global stockpiles and drives prices into a bear market. Inventories in industrialised nations have increased for four straight months and are set to jump by 2 million barrels a day next half if current output is maintained, the IEA said in its ...

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