OPEC is still trying to forge an agreement on new output cuts to sop up an oil glut.
Tag: Prices (Fares, Fees and Rates)
OPEC Scrambles to React to Falling Oil Demand From China
As the coronavirus hits China’s economy, threatening fuel demand, policymakers are weighing an emergency meeting to discuss cuts to crude output.
Trump Expands Steel Tariffs, Saying They Are Short of Aim
The president plans tariffs on metal items like nails and cables after his earlier move raised the cost of making those products in the United States.
Oil Prices Are Slow to Reflect U.S.-Iran Tensions
The muted initial reaction to last week’s killing of an Iranian general points to confidence that shipping lanes will be unaffected.
How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish
As investors balked, some bankers and Saudi officials still hoped to achieve the crown prince’s target price of $2 trillion. They wound up settling for less.
Trump Warns Trade Talks With China May Last Past 2020 Election
The president said he was in no rush to complete a deal, injecting further uncertainty into a dispute that has rocked global markets.
Iran Strengthens Response to Protests
The authorities say “six main elements” of unrest in Tehran were arrested. Secretary of State Mike Pompeo said he had received nearly 20,000 videos and other evidence from Iran of a violent suppression.
Iran’s Supreme Leader Condemns Protesters as ‘Thugs’
Ayatollah Ali Khamenei’s support of a gas price increase signals a potential crackdown on demonstrations.
To Drive Down Insulin Prices, W.H.O. Will Certify Generic Versions
About 80 million people with diabetes around the world need the hormone, and half of them can’t afford it. Creating competition could help, the agency said.
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
New supplies from Brazil, Canada, Guyana and Norway may add to a glut, posing a threat to producers in Saudi Arabia, Russia and the United States.