OPEC Oil Production Dives To 10-Year Low
OPEC’s crude oil production fell to the lowest in more than ten years last month as a number of producers cut more deeply than they had agreed to and Libya’s Continue Reading
Oil News: OPEC+ Experts Urge More Oil-Output Curbs on Virus
Experts from OPEC+ recommended that oil ministers consider a larger production cut when they meet this week, as the havoc wrought on the world economy by the coronavirus prompted Wall Continue Reading
Coronavirus: World Bank pledges $12bn in emergency aid
There are fears the slowdown from the outbreak could tip countries into recession The World Bank has committed $12bn (£9.4bn) in aid for developing countries grappling with the spread of Continue Reading
U.N. agency sees sharp increase in Iran’s uranium stockpile, potentially reducing time needed to build nuclear bomb
Iran is dramatically ramping up production of enriched uranium in the wake of the Trump administration’s decision to abandon the 2015 nuclear deal, the U.N. nuclear watchdog confirmed Tuesday while Continue Reading
Coronavirus: Iran temporarily frees 54,000 prisoners to combat spread
The outbreak of Covid-19 in Iran has killed at least 77 people in less than two weeks Iran has temporarily released more than 54,000 prisoners in an effort to combat Continue Reading
Iran’s Coronavirus Response: Pride, Paranoia, Secrecy, Chaos
Koosha Mahshid Falahi/Mizan News Agency, via Agence France-Presse — Getty Images Nearly three dozen Iranian government officials and members of parliament are infected and a senior adviser to the supreme Continue Reading
Iran Crosses a Key Threshold: It Again Has Sufficient Fuel for a Bomb
Iran’s growing stockpile of nuclear fuel recently crossed a critical threshold, according to a report issued Tuesday by international inspectors: For the first time since President Trump abandoned the 2015 Continue Reading
Overcapacity Pushes Chinese Refiners’ Profits Down 42% In 2019
New refining capacity depressed margins for Chinese refiners, with profits down 42 percent on the year in 2019, Reuters reports , citing the China Petroleum and Chemical Industry Federation. Capacity Continue Reading
Pollution Data Shows China’s Uneven Economic Virus Recovery
Rising Chinese pollution levels measured from space are showing a gradual but uneven industrial pickup after the economic slowdown caused by the nation’s fight to contain the deadly novel coronavirus. Though Continue Reading
Bank of Japan’s Kuroda offers bleak view on economy, warns of big hit from virus
Bank of Japan Governor Haruhiko Kuroda on Wednesday said the coronavirus outbreak could inflict big damage on the economy, stressing the central bank’s readiness to take “appropriate action” to underpin Continue Reading