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Favorable forecasts of world oil demand on Tuesday pushed oil prices to further growth. The price of Brent oil exceeded $82 per barrel for the first time since the autumn of 2014. By 14:00 Moscow time, the November futures for Brent crude rose 0.9% to 82 dollars 11 cents a barrel. The price of the November futures contract for WTI rose 0.7% to 72 dollars 56 cents a barrel. Analysts note that oil contracts continue to grow based on traders' fears that in the fourth quarter there will be a supply deficit due to a reduction in oil supplies from Iran. As Saudi Energy Minister Khalid al-Falih said, in 2019, there could be a surplus supply in the oil market, and OPEC + could then return to a reduction in oil production.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
KYC Policy