Brent crude rises above $33 on hopes of oil output deal
Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut...
Global stocks edge lower on economic toll from virus; oil rallies
Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to...
Exclusive: Airline crisis forces Airbus to consider A320 output cuts
Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar...
Venezuela’s financial crisis exacerbated by oil price war, coronavirus
A price war between world oil producers has slashed Venezuela’s revenue for its top export and exacerbated the country’s financial crisis as it also faces...
Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head
Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude inventories in the...
Wall Street opens lower as record jobs growth ends
Wall Street’s main indexes opened lower on Friday as the novel coronavirus brought the longest U.S. employment expansion on record to an abrupt end....
Leasing company Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330s
Aircraft lessor Avolon on Friday announced the cancellation of an order for 75 Boeing 737 MAX planes that were due to be delivered by 2023,...
Brent crude rises above $32 on hopes of oil output deal
Benchmark Brent crude oil futures rose as high as $33.37 a barrel on Friday on rising hopes of a new global deal to cut global...
Wall Street set to open lower as record jobs growth halts
Wall Street was set to open lower on Friday as the novel coronavirus brought the longest U.S. employment expansion on record to a shuddering halt,...
U.S. small banks have processed more than 700 small business relief loans for $2.5 million: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small-business loans aimed at shoring up the economy during the...