Business

Before the historic oil cuts agreed by major producers come into force in May, Saudi Arabia could sell around 600,000 barrels per day (bpd) of crude to its overseas ally...

Before the historic oil cuts agreed by major producers come into force in May, Saudi Arabia could sell around 600,000 barrels per day (bpd) of crude to its overseas ally...

Before the historic oil cuts agreed by major producers come into force in May, Saudi Arabia could sell around 600,000 barrels per day (bpd) of crude to its overseas ally...

Oil prices continue to plummet despite a deal by major producers to cut crude production by 9.7 million barrels per day. Further reductions may be necessary to meet falling demand...

As organizations like the IMF and the UN warn that this is the worst economic crisis since the Great Depression, the US central bank has once again decided to pump...

After a month-long shutdown due to Covid-19, major car manufacturers will gradually reopen plants in Europe. The outbreak has been a huge blow for the auto industry, sending it into...

The world's second largest economy, China, took a huge hit due to the Covid-19 outbreak, according to data from the National Bureau of Statistics. It showed a 6.8 percent drop...

Major oil-producing nations struck a historic deal this month aimed at curbing global output in a bid to stabilize the market. RT spoke to experts to find out whether the...

Boeing said it hopes to resume aircraft production at factories in Washington state early next week, closed amid the Covid-19 crisis, as the firm is reeling from both the pandemic...

At a starting price of $399, the new iPhone SE is uncharacteristically light on the wallet for an Apple product. But does its ‘low-price' come at the expense of imaginativeness...

The US Labor Department reported that 5.245 million more Americans filed first-time claims for unemployment last week. The new numbers include independent contractors and others who previously were not eligible...

Days after OPEC and its partners inked the largest oil production cut in history, oil prices fell back below $20 per barrel as global demand destruction took center stage. The...

The Covid-19 pandemic has been disrupting US supply chains, with problems emerging in the distribution of food and money. And, while the Fed continues printing money, it cannot print agricultural...

With the US Labor Department set to reveal the number of weekly jobless claims on Thursday, economists believe another 5.4 million Americans will file for unemployment benefits, bringing the number...

Russia's President Vladimir Putin has suggested new measures to support small and medium-sized businesses by providing them with funds to continue paying salaries to employees instead of laying them off...

With drilling grinding to a halt, output has slumped as “legacy” production declines take hold in some of the US' largest shale basins. Oil and gas production in the United...

A large part of France's economy “is functioning,” according to Finance Minister Bruno Le Maire, who said that close to 60 percent of the country's industry has restarted after being...

The plunging demand for air travel due to the Covid-19 pandemic has led to massive cancellations of jet orders by Boeing customers. It adds to the American plane-maker's continued struggle...

The International Monetary Fund (IMF) on Tuesday has dramatically downgraded its outlook on the global economic growth, projecting a sharp contraction for this year amid “exceptionally high” uncertainty. “The COVID-19...

The economic damage from a protracted coronavirus pandemic shutdown will be “incredible,” according to veteran emerging-markets investor Mark Mobius, who says there's an urgent need to restart the global economy....

Worldwide aircraft groundings as part of the effort to stop the spread of the Covid-19 virus will lead to unprecedented losses for global carriers, the International Air Transport Association (IATA)...

Central banks and fiscal policy makers worldwide are launching huge stimulus measures in an effort to backstop the global economy, as the Covid-19 pandemic takes its toll. RT's Keiser Report...

The EIA expects US shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United States, according to...

Gold has extended its rally with prices reaching their highest level in more than seven years on investor concerns that the Covid-19 pandemic will have a devastating effect on the...

Global oil producers have already agreed on the world's largest ever production cut, but US President Donald Trump has said that cut may soon be doubled, to bring the world...

Despite strict quarantine measures due to the coronavirus pandemic, India and Pakistan are planning to partially open up some parts of their economies to cushion the financial impact of shutdowns...

The Russian government may need to drastically ramp up stimulus spending, as the economic crisis triggered by Covid-19 could leave up to 8 million Russians out of work, warned the...

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,...

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...

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 OPEC+ cartel's milestone decision to cut production has seen prices rise on Monday, bringing temporary relief to the oil markets that were severely hit in the midst of the...

After four days of marathon talks, major global oil producers have finally inked an agreement to slash oil output by 9.7 million barrels per day (bpd), in a bid to...

The Organization of the Petroleum Exporting Countries and allied oil exporters led by Russia are reportedly set to hold an urgent meeting on Sunday to clinch a last-minute agreement to...

Although Covid-19 may have put once-flaring tensions over trade between Washington and Beijing on the back burner, the steps they had managed to agree upon are still being implemented, according...

As the OPEC+ deal is pending, US senators from oil states held phone talks with Saudi officials to ensure that Riyadh finally puts an end to the problem “it helped...

With India set to extend the lockdown that was due to end next week in an effort to prevent the further spread of Covid-19, global consulting firm McKinsey & Co...

Oil producers will not shut down any facilities where they would be unable to relaunch operations, Russian Energy Minister Alexander Novak said, as the OPEC and non-cartel oil producers continued...

Almost all car production lines in China have returned to business after prolonged closures aimed at preventing the spread of coronavirus, according to a survey cited by the China Association...

On top of the OPEC+ deal that will see oil output cut by 10 million barrels per day, producers outside the group are expected to slash the supply by at...

The European Union's coronavirus “rescue” deal is really just a €500 billion increase in debt which could ultimately “make the problem worse,” former Wall Street stockbroker Max Keiser told RT....