Mexico’s Energy Minister Rocio Nahle said on Sunday oil producers unanimously agreed to cut output by 9.7 million barrels per day from May at OPEC+ talks and thanked OPEC members for their support in reaching the deal.
OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support oil prices amid the coronavirus pandemic, sources said.
Kazakhastan’s Energy Ministry said on Sunday it confirmed reports that the OPEC+ group of countries had agreed to cut the global oil output by 9.7 million barrels per day for two months starting on May 1.
(Bloomberg) — The world’s top oil producers pulled off a historic deal to cut global crude output and put an end to a devastating price war.After a week-long marathon of bilateral talks and four days of video conferences with government ministers from around the world — including the OPEC+ alliance and Group of 20 nations — an agreement finally emerged to tackle the impact of the global pandemic on demand.The talks almost fell apart because of resistance from Mexico, but came back from the brink after a weekend of urgent diplomacy — as the clock ticked down to the market …read more […]
Smithfield Foods, the world’s biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely due to a rash of coronavirus cases among employees and warned the country was moving “perilously close to the edge” in supplies for grocers.
The coronavirus outbreak, big bank earnings and retail sales data will be in focus this week. …read more […]
OPEC, Russia and other oil producing nations were meeting on Sunday in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 percent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked by Mexico.
Chinese tech giants Tencent and Alibaba filed the most blockchain patents in 2019. Together, they accounted for over 20% of the total.The post Chinese tech giants Tencent, Alibaba filed for the most blockchain patents last year appeared first on The Block. …read more […]
U.K. Prime Minister Boris Johnson recorded a message for the public on Sunday after leaving St. Thomas’ hospital in London following treatment for Covid-19. Photo: Pippa Fowles/10 Downing Street …read more […]
Measuring The Walt Disney Company’s (NYSE:DIS) track record of past performance is an insightful exercise for… …read more […]
Shareholders in Inseego Corp. (NASDAQ:INSG) may be thrilled to learn that the analysts have just delivered a major… …read more […]
Russian Energy Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will chair an OPEC and non-OPEC online meeting later on Sunday, the Azerbaijan energy ministry said.
The U.S. CBD sector held so much promise after the government approved the 2018 Farm Bill. Market research firms stared placing total addressable market targets topping $20 billion in a few years, but the FDA has left the market to mostly just lotions and creams leaving the high demand products off major retailer shelves.At the same time, thousands of different brands have flooded to the space including ones from the large Canadian cannabis LPs. Both Aurora Cannabis and Canopy Growth, amongst others, have launched brands in the U.S. due to CBD being legal in the U.S pushing the brand totals …read more […]
One thing we could say about the analysts on The Greenbrier Companies, Inc. (NYSE:GBX) – they aren’t optimistic… …read more […]
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