The Italian government is planning to extend its lockdown to contain the country’s COVID-19 outbreak until May 3, two trade union sources told Reuters on Thursday after meeting ministers. The Continue Reading
The world’s largest oil producers moved closer to an unprecedented deal to ratchet back production and rescue crude markets from a pandemic-driven collapse, after Russia signaled it’s ready to make Continue Reading
Oil rose for a second day as the world’s top producers moved closer to a deal to curb output in an attempt to tackle the unparalleled impact of the coronavirus on Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Thursday on hopes of a production cut emerging from the OPEC+ webinar meeting slated for later in the day, which Continue Reading
Oil prices rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a Continue Reading
Crude futures settled higher Wednesday on optimism that Thursday’s OPEC+ meeting would yield a production cut agreement. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE Continue Reading
Russia has rejected suggestions that a market-driven fall in oil production from US shale producers could count towards the country’s share of a potential global crude reduction deal, dampening hopes Continue Reading
The coronavirus pandemic could cause a deeper collapse of international trade flows than at any point in the postwar era, the World Trade Organization said. The Geneva-based trade body presented two possible Continue Reading
The world’s largest oil producers moved closer to an unprecedented deal to ratchet back production and rescue crude markets from a pandemic-driven collapse, after Russia signaled it’s ready to make Continue Reading
As oil traders look with dread and fear to tomorrow’s OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved… … Continue Reading
