Turkey: Total Sells Retail Network Assets To Demirören For €325 Million

Total said Tuesday it has signed an agreement to sell its service station network and commercial sales, supply and logistics assets located in Turkey to Demirören for €325 million (around $356 million). The transaction is subject to the customary approvals. “The transaction is yet another illustration of the Group’s strategy of actively managing our asset … Continue reading Turkey: Total Sells Retail Network Assets To Demirören For €325 Million

OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy? – Analysis

By Dalan McEndree “If you are the world’s leading energy economy, you produce energy, that’s what you do.” “A government can stay irrational longer than it can stay solvent.” “Even in the short term, you’re dead, if you commit suicide.” The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free … Continue reading OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy? – Analysis

Puerto Rico’s Religious Leaders Call For Debt Relief And End To Austerity

Puerto Rico’s religious leaders have called for debt relief in the face of the $72 billion financial crisis burdening the Caribbean US territory. At a press conference in San Juan, leaders of the principle religious groups laid out six principles to resolve the crisis. In a statement, the clergy called on the United States Federal … Continue reading Puerto Rico’s Religious Leaders Call For Debt Relief And End To Austerity

Euro Area Annual Inflation Seen Stable At 0.2%

Euro area annual inflation is expected to be 0.2% in August 2015, stable compared to July 2015, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco (1.2%, compared with 0.9% in July) and services (1.2%, stable compared … Continue reading Euro Area Annual Inflation Seen Stable At 0.2%

Russia Pressuring China For New Gas Deal – Analysis

By Michael Lelyveld Russia appears to be putting a brave face on its chances for a new gas deal with China as President Vladimir Putin prepares to visit Beijing this week. Despite indications to the contrary, Russian officials have cited active engagement in talks with China on a western gas route to Xinjiang, as well … Continue reading Russia Pressuring China For New Gas Deal – Analysis