Global shares slide as dire economic outlook weighs
2020-04-16

The Global shares markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory production and increasing gloomy eco

Houthis say coalition detains 14 tankers, Griffiths ignores
2020-04-15

The Saudi-led coalition is keeping back 14 oil tankers off Hodeida seaport, the Houthi-run Yemeni Petroleum Company (YPC) said Tuesday, as the "UN Special Envoy Martin Griffiths is ignoring what is

Survey: Dash for cash amid recession expectations on Coronavirus
2020-04-15

Reuters news agency reportd that Investors have been hoarding cash at a rate not seen since the immediate aftermath of the 9/11 attacks of 2001, BofA’s April fund manager survey showed, as the

Oil rises, US shale production set to fall sharply
2020-04-14

Oil prices gained on Tuesday after a US agency said shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers, Reu

IMF to help 25 countries deal with Coronavirus pandemic
2020-04-14

Reuters news agency reported that the International Monetary Fund on Monday said it would provide immediate debt relief to 25 member countries under its Catastrophe Containment and Relief Trust to a

Oil prices rise over $1/barrel as OPEC, allied producers agree record output cut
2020-04-13

Oil prices rose more than $1 a barrel on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it won’t be enough to head off overs

New meeting of OPEC, Russia to approve biggest ever oil cut
2020-04-12

OPEC, Russia and other oil producing countries met on Sunday to try to reach an agreement on the largest ever oil cuts, amounting to 10 percent of global supply, after Mexico suspended their initial

11 Republican senators press Saudi officials to put oil cut in motion
2020-04-12

Reuters news agency reported that 11 Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with thre

New oil tanker arrives Yemeni Hodeida port
2020-04-11

An oil tanker has arrived in the Yemeni western port city of Hodeida, the Houthi group said Saturday, after the ship had been detained for 38 days by the Saudi-led coalition navy."The 'Sea Adour' sh

Moscow expects oil cuts of 5 million bpd on top of OPEC+
2020-04-11

Russia expected oil production cuts by countries outside of the OPEC+ group to amount to 5 million barrels per day (bpd), Reuters reported on Friday according to Russian Energy Minister Alexander No

Canada, US seek to stabilize oil prices
2020-04-10

Canadian Natural Resources Minister Seamus O’Regan said on Thursday after a call with U.S. Energy Secretary Dan Brouillette that Canada and the United States will work at the Group of 20 indus

OPEC and Russia to discuss record oil output cuts
2020-04-09

Reuters news agency reported that OPEC and Russia will discuss record oil output cuts on Thursday to support prices hammered by the coronavirus crisis but talks are complicated by internal disagreem

Oil prices rise as focus swivels to OPEC, Russia meeting on output cuts
2020-04-08

Reuters news agency reported that oil climbed on Wednesday, reversing most of the prior session’s losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producer

Oil falls on oversupply fears, but stocks jump on despair with corona virus
2020-04-06

Oil prices fell on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronaviru

OPEC + discusses the largest oil cuts, pending American efforts
2020-04-04

Reuters News Agency reported OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of worldwide supply in what they expect will be a global effor

Coronavirus pandemic disrupts global food supplies
2020-04-03

In the short-term, lack of air freight and trucker shortages are disrupting deliveries of fresh food, Reuters reported. The coronavirus pandemic has disrupted global food supplies and is causing la

Oil drops on scepticism over Trump's Saudi-Russia output deal
2020-04-03

Reuters news agency reported that oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after U.S. President Donald Trump said he had brokered a deal between Sau

Trump to discuss ways to help industry “ravaged” on coronavirus, Saudi Arabia- Russia war
2020-04-02

Reuters news agency reported US President Donald Trump said he has invited US oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand d