By mid-May, US commercial oil storage units could be completely filled if drillers don't scale back production amid the largest oil glut the world has ever seen. By many accounts, EIA crude oil forecasts appear tame compared to what other independent analysts are predicting, and the deal-no-deal that has so far come out of Thursday's...
The United Nations will create a fund to prevent the spread of coronavirus and support the treatment of patients worldwide, Norway said on Monday. The purpose of the fund is to assist developing countries with weak health systems in addressing the crisis, as well as to tackle the pandemic's long-term consequences. The UN may make...
Coronavirus testing has resumed in the Gaza Strip after Israel allowed five testing kits purchased by the World Health Organization (WHO) into the enclave. A Gaza Health Ministry spokesman, Ashraf al-Qidra, said on Monday that the kits would be of “limited immediate help” because they could be used to test only about 500 people in...
The US special envoy who negotiated a deal with the Taliban has said that an initial prisoner exchange between the insurgents and the Afghan government was an “important step” toward peace. According to the International Committee of the Red Cross, the Taliban on Sunday released 20 Afghan security-force prisoners. The move came after the government...
Sharp contractions in gold imports by major consumers suggest gold jewelry demand is being battered, says investment research group Capital Economics, though it projects that safe-haven buying should ensure a near-term price rise. According to the group's commodities economist Alexander Kozul-Wright, gold imports plunged 50 percent year-on-year in the first two months of 2020. Withdrawals...
The Covid-19 pandemic will likely slow South Asia's once-bustling economies to the lowest level seen in decades, the World Bank has warned in its latest report. The rapid spread of the virus and its aftermath for the global economy are so unprecedented that it's hard to make an accurate projection, the World Bank said in...
Japan's government said on Monday that it saw no reason at the moment to extend the state of emergency beyond Tokyo and a handful of other cities around the country. “So far we have not been informed of any expert evidence suggesting that the state of emergency should be extended to Hokkaido or other regions,”...
