April 6, 2020, 19:55

Production of Boeing Helicopters Halted After Factory Shuttered by COVID-19 Pandemic

Production of several Boeing helicopters and related vehicles will cease for several weeks as the company shuts down its factory amid the continuing COVID-19 pandemic, the company announced Thursday.Aircraft maker Boeing will temporarily close...

‘This is a Tool’: Trump Says Using Tariffs in Saudi-Russian Dispute Optional

The US is not currently considering levying tariffs to protect domestic oil prices amid the Saudi-Russian production dispute, but they remain an option, US President Donald Trump told reporters Friday."Water is much more valuable...

Dow Falls 360 Points After Release of Dismal US Jobs Report

The New York Stock Exchange on Friday closed out its first week of volatile trading for the fiscal year’s second quarter, with the Dow Jones Industrial Average index posting losses of more than 300...

US Oil Output May Drop by 2 Mln bpd as Trump Mulls Shutting Down...

Oil prices shot up by over 20 percent in two days of trading after President Donald Trump suggested that Saudi Arabia and Russia may reach an agreement on reducing crude output amid the COVID-19...

World’s Biggest Reserve Fund Sustains Record Losses Amid COVID-19 Outbreak

Last month, Norway decided to establish a coronavirus crisis fund worth at least 100 billion Norwegian Krones ($10 billion) to secure company liquidity amid the pandemic.The Government Pension Fund of Norway, the world's largest sovereign...

Putin: Current Situation on Oil Markets Could Lead to Future Deficit

The Russian president and members of the cabinet and oil industry officials met via videoconference on Friday to discuss the situation on the global energy markets. Oil prices suffered their worst decline in decades...
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