Top Trump aide Mulvaney says shutdown may go into new year

U.S. President Donald Trump’s budget director and chief of staff on Sunday said the partial U.S. government shutdown could continue to January 3, when the new Congress convenes and Democrats take over the House of Representatives.

UAE: OPEC+ will hold extra meeting if output cuts ‘not enough’

OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.

Italy rejigs measures to spur sale of green cars

Italy will offer subsidies of up to 6,000 euros ($6,820) to buyers of new low emission vehicles while slapping taxes on the purchase of larger petrol and diesel cars, according to measures approved in parliament.

Japan court extends Ghosn detention by 10 days

A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor Co chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal investment losses.

Kraft Heinz, Mondelez make the cut in Campbell Soup’s international business auction: sources

U.S. food companies Kraft Heinz Co and Mondelez International Inc have been short-listed to participate in the second round of Campbell Soup Co’s auction of its international business, people familiar with the matter said.

China says it held second vice ministerial call with U.S. on trade

China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said.

Kuwait, Iraq hire consultant to assess oil production potential in border areas

Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries and production policy will be decided based on the study, Thamir Ghadhban, Iraq’s oil minister said on Sunday at a meeting of the Organization of Arab Petroleum Exporting Countries in Kuwait.

Iraq Oil Minister sees improvement in oil prices early next year

Iraq’s oil minister said on Sunday he expects “an improvement” in oil prices at the beginning of next year, after the implementation of the OPEC and non-OPEC decision to curb production made earlier this month.