The Taliban has said its peace deal with the United States was nearing a breaking point. The movement accused Washington of violations that included drone attacks on civilians, while also chastising the Afghan government for delaying the release of 5,000 Taliban prisoners promised in the agreement, AP said. The militants said they had restricted attacks against Afghan security forces to rural outposts, had not attacked international […]
Deal
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The oil market could be put under “extreme physical pressure” if major global oil producers fail to reach a deal to cut output, Fitch Solutions has said. According to the agency’s report, a fall in demand and an increase in supply could result in more than 20 million barrels per day of excess oil. “While it is unlikely that nominal storage capacity will be breached, it is possible […]
Authored by Simon Watkins via OilPrice.com, Over the past week or so, China has eased quarantine measures in Wuhan – the city in which the global coronavirus pandemic began – with the entire lockdown scheduled to end on 8 April. With China’s President Xi Jinpiang having visited the city just a few days ago, the industrial economy across China as a whole is back working and […]
Russia, Saudi Arabia, the United States, and other countries need to bring stability to the markets as the world faces “probably the greatest recession ever,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF). He told CNBC that Moscow and Riyadh are very close to striking a deal on oil production cuts.“I think the whole market understands that this deal is important and it […]
Business 06:58 GMT 06.04.2020Get short URL MOSCOW, April 6 (Sputnik) – Russia and Saudi Arabia are “very close” to reaching an OPEC-non-OPEC deal on market regulation for the reduction of oil output, the head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said on Monday. “I think the whole market understands that this deal is important and it will bring lots of stability, so much […]
US President Donald Trump has promised to impose “very substantial tariffs” on imported oil, unless Saudi Arabia and Russia reach a deal to push crude prices up, just as oil skidded again following last week’s rally. Both Brent and WTI crude futures dived over 9 per cent at the Asian session opening, before bouncing back to around $32.6 and $26.6 a barrel respectively. The drop comes […]
The main stock index of Saudi bourse rose nearly two percent despite a delay in talks between the Organization of the Petroleum Exporting Countries (OPEC) and major oil producers. The Saudi Tadawul market lost some gains less than one hour after the trading week started in the Gulf states on Sunday, but was still up around half a percent. Stock in other countries in the region were […]
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 and exacerbated by the Covid-19 pandemic. “There’s too much oil, there’s a glut,” Trump said at a White House press conference on Friday, when asked what he discussed with oil industry executives earlier in the day. […]
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 week to try to balance the market. International benchmark Brent surged 15 percent to $34.44 per barrel while US West Texas Intermediate (WTI) rose 12 percent to $28.50 per barrel. WTI is up 30 percent for […]
Democrat presidential contender Bernie Sanders got quite a hostile reception on ABC’s ‘The View’, with the hosts more interested in pressuring him to drop out than in his proposal to deal with Covid-19 by nationalizing healthcare. Democrat presidential contender Bernie Sanders got quite a hostile reception on ABC’s ‘The View’, with the hosts more interested in pressuring him to drop out than in his proposal to […]
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 US and Russia agreed to engage in energy talks earlier this week, as both the global coronavirus crisis and the oil row between Russia and Saudi Arabia sent crude prices into a tailspin. International benchmark Brent […]