Why Is Russia’s Coronavirus Case Count So Low?
As the coronavirus continues to spread, Russia may have a hard time tracking people who have caught it at work, on the metro, or from relatives. In the past two Continue Reading
Russia’s Unexpected Advantage In The Oil Price War
While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price Continue Reading
The Cost Of The Oil Price War Is Growing For Russia
Russia’s economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from the coronavirus pandemic and the oil price crash Continue Reading
Three Russian car plants to suspend production on COVID-19, lack of components
t least three car plants in Russia plant to suspend operations to prevent the spread of the coronavirus while they also struggle with a lack of components. Volkswagen Group Rus, Continue Reading
Europe Opts for Economic Freeze to Fight Coronavirus, as U.S. Debate Continues
European governments weighing the economic damage of a mass shutdown against the risk of spreading the new coronavirus were initially hesitant to impose stringent lockdowns and border closures. But as Continue Reading
Oil extends gains as optimism over U.S. stimulus lifts global markets
Oil prices extended gains for the third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid package to stem the Continue Reading
Oil Rides U.S. Stimulus Rally While Price War Rages Unabated
Oil rode a rally driven by optimism over U.S. stimulus spending into a third day, but a vicious price war that shows no signs of abating continued to hang over Continue Reading
Oil pares gains as falling demand worries offset hopes of U.S. aid package
Oil prices were little changed on Tuesday, giving up an earlier rally, as ongoing worries about the heavy toll the coronavirus pandemic will take on demand offset hopes for a Continue Reading
Oil Jumps As Fed Pledges “Unlimited” Cash To Bolster The Economy
Oil prices jumped by 4 percent early on Tuesday after the U.S. Federal Reserve launched on Monday extensive new measures to support the economy as the coronavirus pandemic spreads. But Continue Reading
The Oil Price Rebound Won’t Last
Both oil and stocks rallied on Tuesday morning as news of a Fed stimulus initiated some bullish sentiment in markets, but poor fundamentals are likely to drag oil prices down Continue Reading