Oil markets have been over supplied now for more than two-and-a-half years with financial pain being felt from Moscow to Houston to Riyadh and everywhere in between, in arguably the worse oil market crash in a generation. Major producers, Russia and OPEC led by Saudi Arabia, should now reformulate totally new strategies as U.S. shale oil production is poised for a come back.
BUDAPEST (Reuters) – An overwhelming majority of Hungarians are expected to reject the European Union’s migrant quotas in a referendum on Sunday, which should boost Prime Minister Viktor Orban’s standing at home and embolden him in his battles with Brussels.
BOGOTA (Reuters) – Colombians look set to back a peace accord with Marxist rebels in a referendum on Sunday, the final hurdle to a deal ending 52 years of war that calls for FARC fighters to re-enter society and form a political party.
NAIROBI (Reuters) – Police killings of Kenyans are on the rise, a Kenyan newspaper said on Sunday, as it published the country’s first comprehensive database detailing hundreds of such alleged killings in the past two years.
DUBAI (Reuters) – Arab coalition forces have launched operations against militia boats of Yemen’s Houthi group that struck a civilian logistics ship on a humanitarian voyage in a strategic Red Sea shipping lane, the Saudi-led alliance said.
MANILA (Reuters) – Abu Sayyaf rebels linked to Islamic State freed three more Indonesian captives on Sunday after a three-month ordeal, the Philippine government said, taking the number of hostages released to nine in the past two weeks.