OPEC unveils plan to slash production after coronavirus slams oil prices
6 hours ago by edition.cnn.com
OPEC is hoping to slash the supply of crude oil to world markets by 1.5 million barrels per day in an attempt to prop up prices as it confronts the biggest collapse in demand on record. read more...
Leave a Comment:
From Twitter
Latest tweets on Wuhan Coronavirus
First U.S. coronavirus death: Trump unveils new travel ...
The White House is extending an existing travel ban to Iran and the State Department is advising to not travel to parts of Italy and South Korea.
Italy unveils 3.6 billion euro stimulus to mitigate coronavirus fallout
CNBC's Claudia Pensotti reports from Milan as the coronavirus continues to spread in Italy.
Coronavirus puts OPEC in awkward position; any further crude oil price fall will cause pain
Sharp drop in oil prices due to coronavirus has OPEC debating lowering production to increase cost of gas
OPEC ministers to meet in Vienna to face coronavirus threat to oil demand
OPEC ministers to meet in Vienna to face coronavirus threat to oil demand
UK coronavirus LIVE: Outbreak could see a fifth of UK workers off as Boris Johnson unveils battle plan
The number of coronavirus cases in the UK has jumped to 51 as Boris Johnson unveiled his battle plan to deal with the outbreak. As Health Secretary Matt Hancock announced 12 more UK cases, the Government's plan to tackle Covid-19 suggested that the outbreak could lead to a fifth of workers being absent. It could also cause the police to drop low-priority cases and force the NHS to delay non-urgent care .
OPEC and allies to consider significant oil output cuts as coronavirus hits demand
OPEC and its allies will consider making substantial oil production cuts to lift prices that have been battered by the coronavirus outbreak, Algeria's oil minister said on Tuesday, as ministers began arriving for talks in Vienna this week.
All eyes on Opec plus meet in Vienna as coronavirus spreads
The meeting comes in the backdrop of Opec slashing the global oil demand growth by 0.99 mbpd in 2020.WHO has upgraded the global risk of the coronavirus outbreak to 'very high'
After coronavirus curveball Bentley unveils new $2-million car — and every single model is already sold out
The coronavirus may have shut down the Geneva car show, but it didnât stop Bentley from lifting the curtain on its new ride.
Oil price lower on coronavirus fears despite Fed rate cut and hopes for OPEC output cut
NEW YORK: The global oil benchmark ended Tuesday slightly lower under pressure from falling equities, but the losses were contained slightly as top producers considered more output cuts to support prices and the Federal Reserve cut U.S. interest rates to support the economy.
South Korea unveils $9.8 billion stimulus to fight coronavirus
South Korea announced a stimulus package of 11.7 trillion won ($9.8 billion) on ...
World Bank unveils $12-b aid package to combat coronavirus
WASHINGTON, United States (AFP) — The World Bank unveiled a US$12 billion aid package on Tu...
Saudi-Russia alliance under pressure at OPEC meeting as coronavirus saps oil demand
The energy alliance between Saudi Arabia and Russia will likely come under intense scrutiny at this week's OPEC meeting as the producers discuss how best to cushion the impact of the coronavirus outbreak.
Saudi-Russia alliance under pressure at OPEC meeting as coronavirus saps oil demand
The energy alliance between Saudi Arabia and Russia will likely come under intense scrutiny at this week's OPEC meeting as the producers discuss how best to cushion the impact of the coronavirus outbreak.
OPEC working on Russia to join big oil cut amid coronavirus
Saudi Arabia and other OPEC members will seek to persuade Russia on Wednesday to join them in large additional oil output cuts to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak.
'Avoid hugs' - OPEC in the time of the coronavirus
When OPEC ministers descend on Vienna to decide oil production policy, their mee...
OPEC Russia moving closer to big oil cut as coronavirus hits demand
A panel of OPEC and its allies recommended cutting oil output by an extra 1 million barrels per day (bpd) on Tuesday signaling that Russia and Saudi Arabia were moving closer to a deal to prop up prices which have been hit by the coronavirus outbreak. Saudi Arabia and some other OPEC members have been
Avoid hugs - OPEC in the time of the coronavirus
When OPEC ministers descend on Vienna to decide oil production policy, their meetings are usually accompanied by displays of brotherhood between the men in charge of a third of global crude supplies. This time, as the world battles a coronavirus outbreak, they have been given strict instructions: no
OPEC under pressure as coronavirus hits oil demand
Don’t tell President Trump but Twitter is testing a new kind of tweets called Fleets that disappear after 24 hours, offering tweeters more control and less pressure, the company said Wednesday. “Some people say they feel insecure to Tweet because Tweets are public, permanent and exhibit public engagement
Oil lower on coronavirus fears despite Fed rate cut and hopes for OPEC output cut
Oil lower on coronavirus fears despite Fed rate cut and hopes for OPEC+ output cut
OPEC divided on how to combat coronavirus fallout
OPEC divided on how to combat coronavirus fallout
OPEC Shares 'Greet With Feet' Video Amid Dos-And-Don't Over Coronavirus
When OPEC ministers descend on Vienna to decide oil production policy, their meetings are usually accompanied by displays of brotherhood between the men in charge of a third of global crude supplies.
Coronavirus | OPEC divided on how to combat COVID-19 fallout
The effects of the virus on global demand, particularly in worst-hit China, has blown a hole through the group's attempt to support prices at its last meeting in December by agreeing on production cuts.