French Economy Shrinks Most Since WW II, Central Bank Estimates
The French economy shrank the most since World War II in the first quarter, and the outlook for the rest of the year is souring significantly amid the confinement to Continue Reading
Russia Is Ready To Make Major Output Cuts
Russia is prepared to undertake significant cuts to its oil production, according to two Russian sources who spoke to Reuters on Monday. The markets are hanging on every word from Continue Reading
Norway Might Join Output Cuts If Major Producers Reach A Deal
Norway could discuss reducing its oil production if the world’s major producers reach a deal on significantly cutting global oil production, Tina Bru, Minister for Petroleum and Energy of Western Continue Reading
Saudi Arabia sharply rebukes Russia over oil price collapse
Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency Continue Reading
Putin ducks tough coronavirus decisions as aides step up
When it comes to containing coronavirus, the Kremlin has a solid plan: Russia’s president Vladimir Putin promises everyone a month-long holiday; regional governors have to come up with painful restriction Continue Reading
U.S. Oil Prices Latest: Russia Can Cut Output by 10%
Russia would target a 1 million barrel-a-day cut in any new deal with other key oil producers, on condition the U.S. joins cuts, according to four people familiar with the Continue Reading
North Sea Oil Faces Crisis
Oil and gas production in the North Sea became viable due to the 1973 oil crisis. The Arab-Israeli conflict caused a serious disruption that led to skyrocketing prices. Energy security Continue Reading
Norway considers oil output cut as OPEC+ talks hang in the balance
ion in oil markets and would be willing to participate in production cuts as part of a “broad” international effort, Petroleum and Energy Minister Tina Bru said Saturday. The announcement Continue Reading
Russia still supports international oil market negotiations: Kremlin spokesman
Russia still supports talks with other leading oil producers on stabilizing the market, Kremlin spokesman Dmitry Peskov said Sunday. “Russia was not a supporter of ending the OPEC+ deal. President Continue Reading
Europe prepares to ease coronavirus lockdowns
Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. View full Continue Reading