Oil Set for Best Week Since June With Saudis Defending Recovery

Saudi Energy Minister Prince Abdulaziz bin Salman opened the meeting with a forceful condemnation of members that try and get away with pumping too much crude. (Bloomberg) — Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group’s production …

Oil edges up following OPEC+ meeting

Oil edges up following OPEC+ meeting

https://youtu.be/PW8_s4VaPf4 JMMC recommends extension of output-cut compensation mechanism to the end of the year Oil futures finished higher on Thursday as the Organization of the Petroleum Exporting Countries and its allies stressed the importance of full compliance with output cuts during their monthly meeting. “Feeling OPEC+ has their back, market participants hiked oil prices, with …

France reports highest number of new COVID-19 cases in a day

France reports highest number of new COVID-19 cases in a day

PARIS (Reuters) – France registered a record 10,593 new confirmed coronavirus in the past 24 hours, health ministry data showed on Thursday, the country’s highest single-day count since the pandemic began. The rise followed a government decision to make COVID-19 tests free, leading to a surge in testing and an increase in infection rates. The …

Airlines Make Final Plea for Aid to Avoid Job Losses

  Top executives at major airlines including American Airlines Group Inc., Southwest Airlines Co. and United Airlines Holdings Inc. met Thursday with White House chief of staff Mark Meadows as the companies and their employees make a final push for more job-saving government aid.  Airlines agreed not to furlough or lay off employees through the …

Bank of England eyes sub-zero rates in face of virus, Brexit

Bank of England eyes sub-zero rates in face of virus, Brexit

LONDON — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit. After unanimously deciding to maintain the bank’s main interest rate …

France reports 10,593 new COVID-19 cases

France reports 10,593 new COVID-19 cases

PARIS (Reuters) – France registered a record 10,593 new confirmed coronavirus in the past 24 hours, health ministry data showed on Thursday, the country’s highest single-day count since the pandemic began. The rise followed a government decision to make COVID-19 tests free, leading to a surge in testing and an increase in infection rates.The previous …

Leaked FEMA Memo Reveals 17 Percent Jump in U.S. COVID Deaths Last Week

Leaked FEMA Memo Reveals 17 Percent Jump in U.S. COVID Deaths Last Week

An internal memo from the Federal Emergency Management Agency obtained by ABC News on Wednesday night showed that the current national trend in new cases is only slightly down while the trend in new deaths is way up. There were 261,204 new cases of COVID-19 confirmed in the United States during the period of Sept. …