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Iraq oil exports set to rise in July, despite leak

  London / Reuters Iraq’s oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC’s second-largest producer back on track after two months of declines. Iraq in 2015 provided OPEC’s biggest rise in supply. The growth has slowed this year due to maintenance and technical problems, and Iraqi officials ...

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G-20 pledges to fight weak global recovery

  Bloomberg The Group of 20 economies reiterated a pledge to use all policy tools to help boost confidence and growth, while stepping up an emphasis on fiscal and structural measures rather than pumping additional monetary stimulus. “The global economic recovery continues but remains weaker than desirable,” finance ministers and central bank governors from the world’s top developed and emerging ...

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Cairn,Vedanta merger sealed with revised terms

  Bloomberg Vedanta Ltd sweetened the deal for Cairn India Ltd shareholders by increasing the number of preference shares four times to salvage a deal which would help create a natural-resources group to compete with BHP Billiton Ltd. and Vale SA. Vedanta will offer minority shareholders of Cairn India one equity share and four redeemable-preference shares with a face value ...

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