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Trump speaks with Putin on oil for second straight day

U.S. President Donald Trump held a second straight day of telephone conversations with Russia's president focused on oil and the international fight against the novel coronavirus, the White House said Friday. "President Trump and President Putin discussed the latest efforts to combat the...

Saudi Arabia says 10M-barrel-a-day cut starts OPEC+ deal

 A proposed reduction in oil production by OPEC and other oil-producing countries including Russia involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, Saudi Arabia said Friday as the deal hung in the balance. OPEC and...

US economy unlikely to recover as rapidly as it collapsed

President Donald Trump has been telling voters that the U.S. economy will leap back to life "like a rocket," stronger than ever after its bout with the coronavirus. But there is a reason economics is called the "dismal science." There are emerging signs that any recovery will fail to match...