Saudi, Russia outline record oil cut under U.S. pressure as demand crashes
OPEC, Russia and other allies outlined plans late on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers…
OPEC, Russia and other allies outlined plans late on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers…
Workplace disruptions caused by the COVID-19 pandemic are expected to wipe out labour equivalent to the effort of 195 million full-time workers, or 6.7% of hours clocked worldwide, in the…
A deserted Place de l’Opera in Paris Business activity has cratered across Europe as attempts to contain the coronavirus pandemic push governments to shut down vast swathes of their economies,…
The Nigerian National Petroleum Corporation (NNPC) in November 2019, lifted 8,621,658 barrels of crude oil from the daily allocation for domestic utilization translating to an average volume of 287,389 barrels…
REUTERS/Dado Ruvic/Illustration Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some…
Soldiers patrolling streets in Santiago, Chile Business activity collapsed from Australia, Japan and Western Europe to the United States at a record pace in March as measures to contain the…
The Nikkei index outside a brokerage in Tokyo, Japan, REUTERS/Athit Perawongmetha Asian stocks rebounded sharply on Tuesday as the U.S. Federal Reserve’s promise of bottomless dollar funding eased painful strains…
Nigeria and other oil-producing countries in Africa will lose up to $65 billion in revenues because of the impact of Coronavirus on crude oil sales. The Economic Commission for Africa…
The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar. The devaluation came after over three years of push from financial market managers, the…
Analysts said a rush by investors to snap up dollars – seen as a safe haven in times of crisis – and risk aversion towards Britain at a time when…