June 2018

OPEC and its partners emphasize that it is necessary to strengthen cooperation, in order to stimulate investments that will guarantee stable oil supply to market, Bloomberg reports.

On Monday Asian shares grew to the highest level in two and a half weeks as strong employment data from the US had more influence on the market than concern over trade war between the US and the rest of the world, Reuters reports.

Asia-Pacific index MSCI outside Japan went up by 1%, while Japan’s Nikkei increased by 1,3%.

Canada and Mexico gave their response to US decision to impose tariffs to steel and aluminum import, while Europe is ready to kick back as well, Reuters reports. Steel tariffs equal to 25%, aluminum to 10%. They will be in effect from June 1.

Relationships between most important oil prices in the world are ruined due to conflicting forces around the globe, Bloomberg informs.