Saturday, April 4, 2020

Saudi Arabia

G20 leaders to convene remotely as coronavirus situations in the vicinity of 50 % a million

RIYADH/WASHINGTON (Reuters) - Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic.” Saudi King Salman bin Abdulaziz speaks via video link during a virtual G20 summit…

Exclusive: Russia to OPEC: further oil cuts will not perform

MOSCOW (Reuters) - This week’s oil price rout had become inevitable and cutting output has ceased to make sense because it is unclear how deep the impact of the coronavirus on demand will be, Russia’s deputy energy minister said in an interview with Reuters on Wednesday. FILE PHOTO: Pavel Sorokin, Russian Deputy Energy Minister speaks…

U.S. could start out buying crude for Strategic Petroleum Reserve in as quickly as two weeks

A sign listing the contents of an oil storage tank is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, June 9, 2016. REUTERS/Richard Carson WASHINGTON (Reuters) - The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two…

Futures market place implies constructive open up for U.S. marketplaces, oil trades greater – CTV News

Stocks gave up an early rally and turned slightly lower Friday after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the coronavirus. The action taken by New York Gov. Andrew Cuomo, coming just a day after California announced similar measures, is another sign that…

Normal US gasoline cost drops below $2 for each gallon – Roadshow

Average gas prices haven't been this low since 2016. Sean Gallup/Getty Images For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Gas prices have taken a dramatic plunge in recent weeks, with some stations offering fuel for less than $1 a gallon. Now, the national average has dropped below…

Saudi Aramco demands money with oil selling prices at a 17-calendar year low — and now it might reportedly promote a piece of its...

Associated Press Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil-market downturn, Bloomberg reported. The world's largest oil producer is looking to raise capital ahead of its distribution of $75 billion in dividends through 2020 and payments for its $70 billion acquisition of the chemicals producer Saudi…

Shares adjust their mind again, slipping sharply this early morning in early trading

Have you ever seen a dead cat bounce? It’s a term that Wall Street traders coined to describe the moment when collapsing markets briefly rise before resuming a downward trajectory. It looks like investors new to the notion of an economic downturn may have seen their first such bounce yesterday. The glacial domestic response to…

Virus-hit Gulf has little room to boost revenue after oil price shock

DUBAI (Reuters) - The coronavirus outbreak and plunging crude prices are a double blow that leaves Gulf Arab governments with few options to manage fiscal stability while trying to shield their economies and defend currency pegs. FILE PHOTO - An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal…

Saudi Arabia stopped trying to assist oil rates. Enter The united states

But a supply agreement can do little in the face of a huge demand shockEARLY IN MARCH the oil market’s central banker seemed to go berserk. Saudi Arabia, the most powerful member of the Organisation of the Petroleum Exporting Countries (OPEC), has long adjusted its supply to help stabilise the price of crude. Russia had…

Trump Didn’t Tranquil the Oil Markets. Now It May perhaps Be Far too Late – Yahoo Canada Finance

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Latest News

Now Is a Very good Time to Terminate Your Airbnb Continue to be

Photo: GettyPerhaps you’ve heard of covid-19, as it has likely caused the cancellation of many things you once enjoyed, like sports (all of them), having faith in our healthcare infrastructure, or spending time within arm’s length of other human beings. It’s easier than ever to stay home, do nothing, and feel lousy about it! Which…

Disneyland and Walt Disney World to remain closed because of coronavirus

New York (CNN Business)Disneyland in California and Walt Disney World resort in Florida will remain closed until further notice as the coronavirus outbreak continues to spread in the United States, the company said.Disney (DIS) earlier this month announced the closure of Disneyland and Walt Disney World — the only two of Disney's eleven parks around…

Disney sends ‘Frozen 2’ to streaming for housebound households – Fox Company

NEW YORK — The Walt Disney Co. will release “Frozen 2” on Disney Plus several months early to give families cooped up by the coronavirus a welcome distraction — and give its streaming service a boost.Disney announced Friday that “Frozen 2” will begin streaming on Disney Plus Sunday, three months earlier than expected. In some countries,…

‘Thank you China!!!’ Mexico grateful for coronavirus health care supplies

MEXICO CITY (Reuters) - Mexico’s top diplomat thanked two Chinese charities for donating medical supplies to help stem the coronavirus outbreak in an online message that went viral. “Thank you China!!!” Foreign Minister Marcelo Ebrard wrote in a Twitter post late Tuesday night, linking to a local news report about the donated supplies. The Jack…

Spain overtakes Italy in coronavirus conditions, death charge slows – Reuters

MADRID (Reuters) - Spain overtook Italy for the first time on Friday for the number of confirmed coronavirus cases, but the overnight death toll fell from the previous day, providing a small glimmer of hope. A Spanish National Police officer is seen wearing two protective masks, during the coronavirus disease (COVID-19) outbreak, in Ronda, southern…