After threatening last week to increase the US tariff on imports of Turkish steel to 50%, President Donald Trump said Wednesday he had instructed the Department of the Treasury to lift all sanctions imposed on Turkey in light of a pause in the latter country's military operations in northeastern Syria -- but some saw the initial threat as hollow and of no major impact on Turkey-US steel trade flows.

GE Hitachi Nuclear Energy (GEH) has announced an agreement to collaborate on the potential application of its BWRX-300 small modular reactor technology in Poland.

The brisk pace of U.S. production, now the world’s largest, in the past few years has been a key factor behind the relative weakness in oil prices. Output has slowed recently, however.

The bonds have rallied to their highest since April 2018 as money managers turn more sanguine about the state oil firm following a $7.5 billion bond sale to refinance its debt, potentially staving off another ratings downgrade. Pemex’s dollar-denominated bonds maturing in 2027 jumped 14% from their November low to 105.4 cents on the dollar, climbing for an eighth consecutive day on Tuesday.

U.S. crude oil production reached a new all-time high of 12.4 million barrels per day (mb/d) – and U.S. natural gas liquids production sustained a record 4.8 mb/d – in September,

U.S. Rig Count is down 5 rigs from last week to 851, Canada Rig Count is down 3 rigs from last week to 143,

“We won’t join the United States, but will cooperate closely with them,” Japan’s Chief Cabinet Secretary Yoshihide Suga told a news briefing. “Self Defense Force assets will ensure the safety of vessels related to Japan.”

During a meeting in Moscow last month, Russian President Vladimir Putin and Venezuelan President Nicolas Maduro, who has already threatened to nationalize Chevron's assets, discussed the possibility of Rosneft taking over Chevron's Venezuelan operations, sources said.

Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.

Baker Hughes, a GE company (NYSE: BHGE) announced today its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.

Crude oil production from the major US onshore regions is forecast to increase 58,000 b/d month-over-month in October from 8,913 to 8,971 thousand barrels/day, gas production to increase 319 million cubic feet/day from 83,693 to 84,012 million cubic feet/day .

South Korea's crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the September 14 attacks on Saudi's major oil facilities,

Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Mexico's economy growth is projected to reach 0.4 percent in 2019, and to accelerate to 1.3 percent in 2020

UAE is the leading Arab investor in the US, while noting that the value of the non-oil trade doubled over the past decade, reaching some AED90 billion (US$24.5 billion) in 2018, and explaining that the UAE trades with almost all US states, especially Washington, California, Texas, Florida and New York.