MOSCOW—What was tipped to be a marque year for Russian President Vladimir Putin is morphing into one of the toughest challenges to his 20-year reign. The novel coronavirus pandemic, plummeting Continue Reading
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite a bit Continue Reading
Italy and Spain, the two European countries most severely hit by the coronavirus, are suffering even deeper slumps after record contractions in the first quarter. Lockdowns that shut hotels and restaurants Continue Reading
German factories saw demand collapse in March, when measures to contain the coronavirus brought the economy to a sudden halt. Orders fell 15.6% from the previous month, the most since data Continue Reading
French supermajor Total proved more resilient than some peers in the first quarter, remaining profitable despite a 35-percent decline in net income to $1.8 billion. The company said it would Continue Reading
The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus with a drop in output of more than 7%, as it Continue Reading
For most of the post-Soviet period, energy officials in Russia have resisted OPEC entreaties to participate in production cuts to help prop up oil prices, arguing that doing so was Continue Reading
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, told a Russian television Continue Reading
A crane mounted on a ship made to construct wind farms at sea collapsed over weekend, potentially delaying some of the U.K.’s biggest renewable power projects. Offshore wind farms, often valued Continue Reading
Highlights SMMT forecasts 2020 sales at 1.68 million units April decline steepest in modern times: SMMT Coronavirus shuts down global automobile market London — UK new car registrations fell off Continue Reading
