Offshore drilling. Oil rig. The federal government has directed oil and gas companies to reduce the workforce on their offshore platforms in view of COVID-19 pandemic in the country. Director, Continue Reading
India has no plans to extend a 21-day lockdown to slow the spread of the coronavirus, the government said on Monday, as it struggled to keep essential supplies flowing and Continue Reading
India scrambled to squelch an exodus of desperate migrant workers from its cities, warning they could be sent to quarantine camps and assuring that food and other staples would be Continue Reading
The supply of thermal coal in India has been declared as an essential service and officials are to maintain its critical dispatch during the country’s lockdown period, Union Minister of Continue Reading
Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Continue Reading
In an unexpected move, Russian state oil giant Rosneft announced that it would halt all activities in Venezuela and sell all its assets related to activities in the country. “Today, Continue Reading
Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to be shipped on hold Continue Reading
China’s central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities ramped up steps to relieve Continue Reading
A hidden pile of debt threatens dozens of emerging-market countries as the global economy stalls and commodity prices tumble. An estimated $200 billion of emerging-market debt owed to China has Continue Reading
U.S. stock futures wobbled and oil dropped sharply Monday as investors grappled with the mounting economic toll after U.S. government officials signaled that measures to contain the coronavirus pandemic may Continue Reading
