Thursday’s videoconference is part of a series of talks on stabilizing a market, where oil prices have more than halved since the start of the year amid a pricing war between Saudi Arabia and Russia. The drop was intensified when the coronavirus pandemic caused a further plunge in the demand for oil as travel and business ground to a halt globally.
Kremlin spokesman Dmitry Peskov said Thursday that Russia will advocate for a coordinated move that not only includes OPEC and Russia, which had coordinated production cuts for four years until they fell out spectacularly this year, but also the United States. The U.S. is the world’s top producer now and the slide in crude prices is causing huge financial damage to companies in the oil patch.
Expectations are high.
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AUSTRALIA SHOULD DELAY SOCIAL MEDIA BAN FOR CHILDREN UNDER 16. BIG TECH SAYS
An advocate for major social media platforms told an Australian Senate committee that laws to ban children younger than 16 from the sites should be delayed until next year at least instead of being rushed through the Parliament.
APPLE AND GOOGLE FACE UK INVESTIGATION INTO MOBILE BROWSER DOMINANCE
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THE PSYCHOLOGY OF RETIREMENT INCOME: FROM SAVING TO SPENDING
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IS 'GLICKED' THE NEW 'BARBENHEIMER'? 'WICKED' AND 'GLADIATOR II' COLLIDE IN THEATERS
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FEDERAL PROSECUTORS SEEK RECORDS FROM COMPANY THAT DEPLOYED AI WEAPONS SCANNER ON NYC SUBWAY
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BIDEN ADMINISTRATION TO LOAN $6.6B TO EV MAKER RIVIAN TO BUILD GEORGIA FACTORY THAT AUTOMAKER PAUSED
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RANSOMWARE ATTACK ON SOFTWARE SUPPLIER DISRUPTS OPERATIONS FOR STARBUCKS AND OTHER RETAILERS
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