The members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies willing to support the tumbling oil market have postponed their emergency talks till Thursday. The delay...
April 4, 2020
While the world faces an unprecedented crisis over the coronavirus pandemic, Riyadh is trying to push other countries to play by its rules in the oil market, but those actions...
April 4, 2020
Elon Musk's company is cutting contractors at its car and battery plants in the US amid the coronavirus crisis. The decision may affect hundreds of people, CNBC reports, citing workers...
April 4, 2020
The meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allied oil producers that was set to take place on Monday may be rescheduled for April 8 or...
April 4, 2020
The Russian Direct Investment Fund (RDIF) has announced it is investing in production of testing systems, medicine, and medical equipment necessary to battle the spread of Covid-19. Russia has recently...
April 4, 2020
Having boosted its oil output to historic records, Saudi Arabia denied that it seeks to “get rid of” US shale oil producers, after Russian President Vladimir Putin accused Riyadh of...
April 4, 2020
US President Donald Trump hinted at the possibility of imposing tariffs on oil imports, due to a ‘massive excess' supply on the global market created by the Saudi-Russian price war...
April 3, 2020
Russian President Vladimir Putin has said his country is ready to cooperate with Donald Trump's US administration to halt the freefall of oil prices, He believes global crude production should...
April 3, 2020
Crude prices continued to soar on Friday following the biggest one-day increase ever during the previous session, as OPEC and its allies are set to hold their first meeting next...
April 3, 2020
Payrolls in the US plunged by 701,000 in March, according to a US Labor Department report released on Friday. While the figures are much higher than forecast, economists say the...
April 3, 2020
Record US jobless claims not a surprise, just ‘artificial numbers’, chief strategist tells Boom Bust
Unemployment in the United States hit a record high of 10 million this week. Many economists expect those numbers to rise even further due to the rapid spread of the...
April 3, 2020
The members of the Organization of the Petroleum Exporting Countries (OPEC) and major oil producers are set to hold their first meeting after the collapse of the previous deal, non-OPEC...
April 3, 2020
The 21-day complete shutdown across India which was triggered by the rapid spread of the coronavirus outbreak will result in a gross domestic product (GDP) loss of almost $98 billion,...
April 3, 2020
The global economy will see a much bigger hit from the coronavirus pandemic than previously expected, the Asian Development Bank (ADB) has warned in its annual report. According to the...
April 3, 2020
Upping the ante on his expectations but not ready to offer concessions, US President Donald Trump said it “would be great” if Saudi Arabia and Russia reached a deal on...
April 2, 2020
Russian banker Oleg Tinkov, who is currently facing potential extradition to the US from the UK on allegations of underreporting his income, has announced he will resign from the board...
April 2, 2020
US stocks traded wildly on Thursday after a government report that the number of Americans filing for unemployment insurance over the last two weeks has skyrocketed to more than 10...
April 2, 2020
Over 6.6 million Americans filed for unemployment benefits for the week ending March 28. The number of claims has grown to 10 million over the last two weeks. The released...
April 2, 2020
As the coronavirus continues rapidly spreading across the US, economists expect initial jobless claims to hit new multi-decade highs for the second week in a row, with estimates ranging from...
April 2, 2020
As Covid-19 disrupts the global economy, people are snapping up small gold bars and coins, confirming once again the yellow metal's safe haven reputation during times of uncertainty. The price...
April 2, 2020
If Moscow and Washington strike a deal to boost the sinking oil markets, Saudi Arabia had better stay out of their way, according to analysts who spoke to RT. The...
April 2, 2020
As the US government tries to convince Russia and Saudi Arabia to put an end to the oil price war, it might just be too little, too late for the...
April 1, 2020
The 34 percent unemployment rate projected by Goldman Sachs for the US economy looks accurate to former Wall Street stockbroker Max Keiser. He told RT that the rolling financial disaster...
April 1, 2020
Russian energy giant Gazprom announced on Wednesday the restart of natural gas deliveries to China following the completion of regular maintenance at the Power of Siberia pipeline. The pipeline had...
April 1, 2020
Wall Street opened lower on Wednesday after US President Donald Trump prepared Americans for a surge in coronavirus infections in the country with a death toll that could reach 240,000....
April 1, 2020
The impact of the Covid-19 pandemic on the global economy is projected to be devastating as the epidemic's rapid spread has already led to the deaths of over 43,000 people...
April 1, 2020
The impact of the Covid-19 pandemic on the global economy is projected to be devastating as the epidemic's rapid spread has already led to the deaths of over 43,000 people...
April 1, 2020
Single-digit oil prices and unprecedented demand destruction are leading to production shut-ins all over the planet, but US shale and Canadian crude are the most affected. As the oil war...
March 31, 2020
US agro-chemical firm Monsanto and Germany's BASF were aware for a long time that their plan to introduce a new agricultural seed and chemical system would probably lead to damage...
March 31, 2020
US agro-chemical firm Monsanto and Germany's BASF were aware for a long time that their plan to introduce a new agricultural seed and chemical system would probably lead to damage...
March 31, 2020
US agro-chemical firm Monsanto and Germany's BASF were aware for a long time that their plan to introduce a new agricultural seed and chemical system would probably lead to damage...
March 31, 2020
US stocks opened sharply lower on Tuesday, with the Dow Jones Industrial Average down over 200 points. The S&P 500 and the Nasdaq Composite were down around one percent during...
March 31, 2020
A company specializing in the production and transportation of oil and gas has been set up in Russia, according to the state registry data. The new firm could take over...
March 31, 2020
The outlook for US shale continues to darken with WTI testing sub-$20 territory. The supply glut could grow worse as the contraction in demand continues to deepen. On Sunday, President...
March 31, 2020
The price of crude rebounded on Tuesday from an 18-year low after Russian President Vladimir Putin and his US counterpart Donald Trump have agreed talks to stabilize energy markets. International...
March 31, 2020
Historic banking firm Rothschild, whose alumni include French President Emmanuel Macron, has warned that the global Covid-19 crisis will impact the bank's financial results due to the effect on global...
March 30, 2020
The U.S. Supreme Court has declined to hear a challenge to Seattle's first-in-the-nation “democracy voucher” program for public financing of political campaigns. The high court issued its denial Monday in...
March 30, 2020
Another wild week kicked off on Wall Street, as the Dow Jones Industrial Average jumped 200 points on Monday. Investors remain focused on the slowing global economy, amid the growing...
March 30, 2020
The US shale patch laments oil prices in the low $20s crippling companies with already weakened debt and liquidity profiles. But further north, the outlook for Canada's oil patch is...
