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Economy
Libya’s NOC lifts force majeure on exports but says output low
Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a first tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown would keep output…
Russia does not plan Saudi talks ahead of OPEC+ monitoring meeting: Kremlin
The Kremlin said on Thursday Russia currently had no plans to hold talks with Saudi Arabia ahead of a joint OPEC+ ministerial monitoring committee meeting due to be held next week.
oil prices slip amid fears of renewed Coronavirus lockdowns
On Thursday, oil prices edged lower as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand.
Brent crude LCOc1 futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after…
Merkel wants swift EU deal on COVID economic recovery to grow unity
German Chancellor Angela Merkel on Wednesday called for a swift agreement on the European Union’s mass economic stimulus to advance unity that would strengthen the bloc as it recovers from the coronavirus crisis.
Speaking to European…
Oil falls as rise in virus cases, U.S. inventories stall recovery
Oil prices inched lower on Wednesday, as rising U.S. crude inventories and an increase in U.S. coronavirus infections put the brakes on a price recovery sparked by easing lockdowns.
Brent crude futures fell 19 cents to $42.89 a barrel by…
Oil down as U.S. virus spike stokes demand worries
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand.
Brent crude LCOc1 futures declined by 24 cents, or 0.56%, to $42.86, by 1236 GMT.…
Wazni: Lebanon’s IMF talks on hold
Lebanon’s talks with the IMF are on hold pending the start of economic reforms and agreement on the Lebanese side on a common approach for calculating losses, Finance Minister Ghazi Wazni said.
“What is being worked on today is defining…
Maas: Germany will keep reviewing travel advice for Turkey
Germany will keep reviewing travel advice for Turkey, Foreign Minister Heiko Maas told his Turkish counterpart on Thursday, saying decisions were coordinated with the European Union (EU) and based on reliable infection data and the health…
Trump says jobs report proves U.S. economy ‘roaring back’
On Thursday, U.S. President Donald Trump celebrated a government report showing the country gained 4.8 million jobs and the unemployment rate dropped to 11.1% last month, when states began allowing businesses to reopen from strict shutdowns…
Saudi Arabia extends economic measures to mitigate pandemic impact
Saudi Arabia extended for an additional period several government initiatives to support the private sector and investors in mitigating the impact of the coronavirus outbreak, state news agency SPA reported on Thursday, citing a decision by…