Biden has said he would prefer multilateral diplomacy to unilateral sanctions (Archive) Key members of OPEC fear that tensions in the OPEC + alliance could resurface with Joe Biden as US president, sources close to the organization said, and would miss President Donald Trump, who went from criticizing the group …
Read More »Saudi Arabia cuts oil prices as coronavirus continues to undermine energy demand
Saudi Arabia cut prices for oil sales in October, a sign that the world’s largest exporter sees demand for fuel fluctuate amid more coronavirus outbreaks around the world. The kingdom’s state-owned producer Saudi Aramco cut its key grade of Arab Light crude by a larger amount than expected for shipments …
Read More »Sensex increases 637 points, Nifty above 9,350; Axis Bank increases more than 7%, Ultra Cement among the best winners
[ad_1] Latest updates from the stock market: Sensex rises 637 points, Nifty above 9,350; Axis Bank increases more than 7%, Ultra Cement among the best winners NY: Asian stocks were expected to pull back on Wednesday as growing concerns about coronavirus infections and the timing of a vaccine outweighed rising …
Read More »If OPEC + formally agrees, deeper oil cuts now seem inevitable.
[ad_1] © Reuters. By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) – Whether or not OPEC + oil producers formally agree to reduce additional oil production, quickly filling up storage capacity and reducing demand due to the coronavirus crisis may compel them to cut further. With the collapse of crude …
Read More »OPEC and Russia meet again to approve largest oil cut in history By Reuters
[ad_1] © Reuters. The logo of the Organization of the Petroleum Exporting Countries (OPEC) is located outside its headquarters in Vienna By Katya Golubkova, Rania El Gamal and Ahmad Ghaddar BAKU / DUBAI / LONDON (Reuters) – OPEC, Russia and other oil-producing nations met on Sunday in an attempt to …
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