Established by Fathi Ibrahim Bayoud 2005 - Homs

Home >> Business

Putin says Russia agrees on oil output cuts, blames Saudis for low prices

Putin says Russia agrees on oil output cuts, blames Saudis for low prices

President Vladimir Putin said on Friday Russia was ready for deep oil production cuts with the United States and OPEC, but firmly put the blame for the collapse in oil prices on OPEC’s de facto leader Saudi Arabia. Putin, speaking in a televised video conference with Russian government...

read more
U.S. economy to shrink at fastest rate since 1946, unemployment to top 15%: Morgan Stanley

U.S. economy to shrink at fastest rate since 1946, unemployment to top 15%: Morgan Stanley

The United States economy will shrink 5.5% in 2020, the steepest drop since 1946, with a huge 38% contraction predicted for the second quarter, Morgan Stanley said on Friday in a new batch of forecasts on the economic damage from the coronavirus outbreak. The U.S. bank said it had cut its...

read more
Oil rockets as Trump signals end to price war

Oil rockets as Trump signals end to price war

Oil prices rocketed Thursday after US President Donald Trump said Russia and Saudi Arabia planned to end their price war by slashing output. But gains for Brent North Sea crude of nearly 46 percent cooled to around 20 percent as Russia denied it had spoken with Saudi Arabia, the world's...

read more
World economy could contract by 11% in H1 2020: BlackRock managing director

World economy could contract by 11% in H1 2020: BlackRock managing director

 BlackRock’s Managing Director Amer Bisat said on Wednesday that the world economy could contract by 11% in the first half of 2020 and lose $6 trillion in economic output due to the coronavirus pandemic. “To put this in context, this will be worse than the contraction that we saw...

read more
X :Latest News
Syrian regime arrests seven Bangladeshis, Ivory Coast woman and her child, all put under quarantine      Four children killed in refugee camp fire in Hasakah      Landmines kill three people in Deir Ezzor      Putin says Russia agrees on oil output cuts, blames Saudis for low prices      U.N. worried about Iran prisoners amid coronavirus outbreak      British Muslim nurse Areema Nasreen becomes UK's youngest health worker to die of coronavirus      766 new virus deaths, but Italy might be turning corner      Trudeau calls US stop on medical supplies ‘mistake’