Oil climbs more than 4% as OPEC+ agree record output cut
Oil prices jumped more than $1 a barrel on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern...
Oil firmer on OPEC+ deal, equities unable to shake pandemic fears
Global shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic although a landmark deal by OPEC and...
Oil climbs more than $1/barrel as OPEC, allied producers agree record output cut
Oil prices jumped more than $1 a barrel on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern...
Kia Motors considers halting three South Korean plants as virus hits exports
Kia Motors Corp told its labour union in South Korea that it wants to suspend operations at three of its domestic factories as the coronavirus...
Kia Motors wants to suspend three South Korean factories as virus hits exports: union
Kia Motors told its labour union in South Korea that it wants to suspend operations at three of its factories in the country as the...
Oil futures little changed despite record output cut by OPEC+
Oil futures were little changed on Sunday even after major oil producers reached a deal for a record 10 million-bpd output cut, with analysts saying...
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and...
Oil agreement could support stocks, providing a floor
An agreement by oil producing nations to cut output by a record amount may sustain a recent bounce in stocks, though stay-at-home restrictions and closures...
EU’s Vestager says EU nations should buy stakes to block Chinese takeovers: FT
The European Union’s competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of Chinese takeovers, with...
OPEC, Russia approve biggest ever oil cut amid coronavirus pandemic
OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support...