Russia Supports Deeper OPEC+ Output Cuts
Russia will support deeper oil production cuts across OPEC and its partners, Foreign Minister Sergey Lavrov told media at an event in Mexico. “We support this idea,” the top diplomat Continue Reading
OPEC overdelivers on oil cuts but coronavirus fears complicate outlook
OPEC’s crude production plunged by 470,000 b/d in January, according to the latest S&P Global Platts survey, with Saudi discipline and a Libyan blockade bringing the group’s output down to Continue Reading
Gas contract feud highlights Kurdistan’s political rivalries
Internal divisions in Iraq’s autonomous Kurdistan Regional Government (KRG) have broken into the open, as rival factions feud over a contract to transport liquefied petroleum gas (LPG) from the Khor Continue Reading
Russia to boost Venezuela ties amid US pressure
Mr Lavrov (left) was speaking after talks with President Maduro (right) in Caracas Russia has pledged to boost military and economic co-operation with Venezuela to help the South American nation Continue Reading
Spotlight: Coronavirus stalls Chinese manufacturing industry and slams polymer demand
Carmakers located in China have extended shutdowns amid the coronavirus Hubei, the centre of the outbreak, is home to 10% of Chinese car manufacturing capacity Polypropylene is the most widely Continue Reading
Australia celebrates as heavy rains dampen huge bushfires
Much of Australia’s wildfire-ravaged east coast was drenched on Friday by the biggest rainfall in almost 20 years, dousing some of the most dangerous blazes and providing welcome relief to Continue Reading
Coronavirus is the Black Swan that might finally sink the markets
Pedestrians in Hong Kong attempt to protect themselves with face masks. Many global experts say it may already be too late to stop the spread of coronavirus Credit: JEROME FAVRE/REX Continue Reading
As China returns to work, it is hardly business as usual
The Chinese economy will sputter towards normal on Monday after the coronavirus outbreak forced an extended holiday, although numerous stores and factories will remain shut and many white-collar employees will Continue Reading
China blocks Foxconn plan to restart factories over virus worries: Nikkei
Chinese authorities have blocked a plan by Apple ( AAPL.O ) supplier Foxconn ( 2317.TW ) to resume production in China from Monday, the Nikkei business daily reported on Saturday, Continue Reading
China’s Leader Wages a War on Two Fronts—Viral and Political
Faced with a coronavirus outbreak that so far has killed 630 people and infected more than 31,000 world-wide, China’s President Xi Jinping has mobilized the vast state machinery. China has Continue Reading