Flags of the European Union and the United States.
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The assignment desk of the CNBC has a puzzle this week: July, how to approach.
Why does this specific date matter? This tariff ax (probably) is once again a deadline for trade talks between the US and the European Union before falling.
But the tendency to transfer the deadline of President Donald Trump becomes difficult to commit to a large coverage plan when the date can be fruitless. However – as we agreed with the amazing framework between the US and China in Geneva in April – you also cannot reduce the importance of the time limit.
We know that in the words of European Commission Chairman Ursula von Der Leyen, a full trade deal is “impossible” before the time limit, and that the best Brussels can expect that “compromise in theory”.
As the CNBC anchor Sylvia Amro told last week, the European Union is at least one banking Bare bone deal To show progress and avoid 50% levy on products exported from blocks.
We should find some clues from Brussels on Tuesday and Wednesday, as the European Finance Minister gather for his regular meeting in Brussels.
Cartel capital
Another assignment that is very certain: OPEC seminar. Circus rolls back in Vienna as the international seminar of oil producers takes place at the city’s Grand Hoffberg Palace on Wednesday and Thursday. The meeting offers two days of discussion and analysis on energy security and investment.
It is far from the days of OPEC Media Scramas at the concrete headquarters on the other side of the Austrian capital. As a junior manufacturer, I was lucky enough to cover OPEC with CNBC anchor Steve Sedwick. Prior to Kovid, these frantic bipolar meetings saw journalists fighting the world’s most influential OPEC ministers for soundbights. In those days, the scramas were known by love by very few humble words …
OPEC+ Member-A comprehensive group that includes non-OPEC oil producers, including Russia-meet at the end of this week to decide on another (high anticipated) output increase between an unstable month for a raise price.
In the seminar, ministers will also be included by the CEOs of some of the world’s largest energy companies including BP and Shell. CEO Murray Achincloss and Well Sawan will be the center of meditation as market watches and journalists equally look for any clue A very vested acquisition Can still be on the card.
