With Saudi Arabia preparing to flood oil markets, poorer OPEC countries are cutting spending even as they confront the coronavirus
With Saudi Arabia preparing to flood oil markets with a surge of output beginning as early as Wednesday, several of its OPEC brethren are cutting expenditures as they struggle to respond to the ravages of the kingdom’s oil-price war with Russia.
Lacking cash resources and the ability to increase crude output to fight in the oil-market conflict, the governments of Iran, Iraq, Algeria, Libya, Angola and Venezuela are considering major cuts to spending, even as they confront the coronavirus pandemic.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Saudi Aramco may sell pipeline unit stake for cash amid oil price rut - Business InsiderAramco is looking to raise capital ahead of $75 billion in dividend payments through 2020 and a planned $70 billion acquisition, Bloomberg reported.
Consulte Mais informação »
14 Best Oil Diffusers to Help You Relax, FinallySit back and smell the diffusers.
Consulte Mais informação »
Aimee Song Teams Up With Biossance on Squalane + Vitamin C Rose OilFrom Aimee Song's collaboration with Biossance to Beautycounter's COVID-19 relief initiative and a new hand sanitizer production hub.
Consulte Mais informação »
Kieran Hayler says Katie Price divorce is imminent after getting engaged againThe former stripper recently popped the question to his girlfriend Michelle Pentecost, but they won't be able to tie the knot until his divorce to ex Katie is finalised
Consulte Mais informação »
U.S. Stock Futures Falter as Oil Trades at 18-Year LowInvestors are grappling with the mounting economic toll after U.S. government officials signaled that measures to contain the coronavirus pandemic may remain in place for many weeks.
Consulte Mais informação »