Category: Trucking News

Caixin China Manufacturing PMI Rises to 51.8 in November

Dec.01 -- Peiqian Liu, China economist at Natwest Markets, talks about the outlook for the economy, policies, and the trade war with the U.S. China’s November manufacturing purchasing managers’ index rose to 51.8 from 51.7 in October, a report from Caixin Media and IHS Markit shows. Liu speaks with Tom Mackenzie and David Ingles on "Bloomberg Markets: China Open."...

Iraq Says OPEC+ to Mull More Cuts, Jarring With Group Stance

(Bloomberg) -- Iraq said that OPEC and its allies will consider deeper production cuts, though the comments come after the coalition has widely signaled reluctance to take such action.The reduction could be about 400,000 barrels a day, Iraq’s oil minister Thamir Ghadhban told reporters in Baghdad on Sunday, adding that Iraq complied with its commitment to lowering output in November. “This figure has been discussed and reached between OPEC ministers as a result of careful studies.”“There are viewpoints for OPEC+ to do further cuts, but not as big as 1.2 million barrels a day,” Ghadhban said. “Such cuts will lead to market stability, maintain shipments to consumers.”Iraq is in the throes of political turmoil, with Prime Minister Adel Abdul-Mahdi resigning, following two months of anti-government protests. Lawmakers have called for “free and honest” elections to to be held promptly to prevent the OPEC member from slipping into deeper chaos and to...