Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.
One of the reasons for the breakdown of the deal between OPEC and other producers, a group known as OPEC+, was Russia's reluctance to support bigger curbs to output. However, the unprecendented situation in which policymakers find themselves appears to be bringing previously unthinkable ideas into play.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Russia calls for new enlarged OPEC deal to tackle oil demand collapseA new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia's sovereign wealth fund ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore Airlines calls for trading halt pending announcementSINGAPORE Airlines (SIA) on Thursday morning called for a halt in the trading of its shares pending the release of an announcement. The halt was called at 8.14am before the market opened for trading. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Coronavirus: Stay united, national football coach Yoshida tells Singaporeans, as he calls healthcare workers 'our Lions'SINGAPORE - Teamwork has been a hallmark of the Lions under his watch, and now national football coach Tatsuma Yoshida is urging Singaporeans to adopt the same mentality in the fight against the coronavirus.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Nadal calls on Spain's athletes to raise 11 million euros to fight coronavirusRafael Nadal has issued a rallying cry and called on Spanish athletes to help raise 11 million euros (9.96 million pounds) to help fight the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus: Canada calls Trump plan to deploy troops at border unnecessary and damagingWASHINGTON (REUTERS) - Canada's government on Thursday (March 26) said US President Donald Trump should not deploy troops along the US-Canada border, calling it unnecessary because of the coronavirus outbreak and warning it would damage relations between the two countries.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
MOH warns of fake ‘contact-tracing’ calls by scammers trying to obtain victims’ personal detailsSINGAPORE — The Ministry of Health (MOH) has warned the public to be wary of scammers using automated voice calls or impersonating health officials to obtain personal information from victims during the Covid-19 outbreak. Wah siah. These peoples ah? Using a pandemic to scam others. Please be careful. These calls/texts spams (of varying types) are very common and scammers will stop at nothing.
Source: TODAYonline - 🏆 1. / 99 Read more »