Brent suffered its biggest one-day loss in more than 11 years on Friday after Russia balked at OPEC’s proposed steep production cuts to stabilize prices as the coronavirus outbreak slows Continue Reading
The “Spanish” flu of 1918 was one of the deadliest pandemics in human history. Seeming to come from nowhere in the waning days of World War I, it spread through Continue Reading
The coronavirus is going global, and it could bring the world economy to a standstill. An epidemic that began in the depths of China’s Hubei province is spreading rapidly. There Continue Reading
There is nothing investors hate more than uncertainty. Right now, that is all there is. Uncertainty about the severity and duration of the coronavirus outbreak , ripping around the world Continue Reading
The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with business districts beginning to empty Continue Reading
Talks between Opec and Russia over whether to cut oil production in response to the coronavirus outbreak collapsed without a deal on Friday, sending crude prices plunging more than 9 Continue Reading
OPEC+ oil producers overcomplied with their collective production cut deal in January, thanks to overcompliance from OPEC members, Russia’s TASS news agency reported on Friday, quoting two sources in OPEC+ Continue Reading
The breakdown in OPEC+ negotiations for deeper output cuts in response to reduced oil demand stemming from the COVID-19 virus could send push oil prices below $40/b, causing US shale Continue Reading
Just as the coronavirus outbreak wreaks havoc on the oil market, Russia has spotted an opportunity to hurt rivals in the US shale patch. Moscow’s partner’s in Opec now are Continue Reading
DUBAI (Reuters) – Saudi Arabia has detained two senior members of the Saudi royal family – Prince Ahmed bin Abdulaziz, the younger brother of King Salman, and Mohammed bin Nayef, Continue Reading
