• Trump threatens to impose new customs duties on China

    1 May 2020 04:48 PM |

    US President Donald Trump said on Thursday that his difficult trade agreement with China is now of secondary importance to the coronavirus. He is threatening new tariffs

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  • Oil rises as US inventories increase at a lower than expected pace

    29 Apr 2020 12:48 PM |

    Oil prices rose on Wednesday after US inventories rose less than expected.

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  • Eurozone companies rushing to get emergency loans

    28 Apr 2020 02:44 PM |

    Banks in the euro area have recorded an increase in demand for emergency credit from corporate clients during the first quarter. This according to a survey of bank lending released by the European Central

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  • Novak sees oil markets balancing as soon as output deal takes effect

    28 Apr 2020 11:49 AM |

    Russian Energy Minister Alexander Novak said today that oil markets will begin to balance once the production agreement takes effect in May, while it is unlikely that there will be a significant increase in

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  • Bankruptcy looms over the American energy industry

    23 Apr 2020 03:33 PM |

    US net oil producers, refiners and pipelines are competing for cash and are likely facing restructuring because they are struggling under the burden of heavy debt and shocks in both supply and

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  • Goldman Sachs expects oil markets to balance within weeks, not month

    22 Apr 2020 12:50 PM |

    Following the recent strong fall in global oil prices, Goldman Sachs expects the markets to gradually come back to balance

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  • US oil futures make history by falling below zero

    21 Apr 2020 03:14 PM |

    US oil futures traded in a negative range on Tuesday, after nearly $40 in the previous session, plunging to their first ever drop below zero levels, as fears of running out of storage space in the sector increased due to oversupply.

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  • Spain proposes €1.5 trillion recovery plan from the European Union

    20 Apr 2020 02:08 PM |

    Quoting unnamed government sources, the Spanish daily, El Pais, said that Spanish Prime Minister Pedro Sanchez will propose that the European Union (EU) establish a €1.5 trillion economic recovery plan through permanent EU debt.

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