Russia’s oil output drops to the lowest since Sept 2016 so far this month

Reuters quotes some sources, as saying that Russia’s Oil output (as on June, 1st – 3rd) fell to the lowest since September 2016.  

The output stood at 10.97Mln barrels per day (bpd) so far this month.

Meanwhile, both crude benchmarks are seen trading around a flat-line, having stalled their declines from four-month troughs.

China: Authorities closing in on local-government implicit debt – Standard Chartered

Standard Chartered analysts point out that the China’s central government is conducting a new investigation into local governments’ total debt on conc
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RBA: 25bps cut, another to come - ANZ

David Plank, head of Australian economics at ANZ, points out that in line with market pricing and the expectations of every analyst surveyed by Bloomb
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