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Crude has fallen by half this year as a result of coronavirus and price war

Ventilators delivered by Russia to the United States to help treat patients of the new coronavirus were manufactured by a Russian company that is under U.S. sanctions, Russia's RBC business daily reported on Friday.

Oil prices shed some of their massive gains on Friday taking stocks in Asia lower, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered.

A planeload of coronavirus aid to New York was a propaganda coup for the Kremlin — tempered by an intensifying epidemic at home.

A planeload of coronavirus aid to New York was a propaganda coup for the Kremlin — tempered by an intensifying epidemic at home.

Oil prices retreated on Friday after massive gains, while stocks in Asia edged down, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered.

Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production.

Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production.

Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production.

Recent negotiations involving leaders from major oil-producing nations and the United States will prove irrelevant for oil prices, which are low because of depressed demand, the chief executive of Brazil's Petrobras said on Thursday evening.

The president’s optimism for a deal between Saudi Arabia and Russia to reduce production and a Saudi call for talks send crude prices skyrocketing, but Moscow showed little enthusiasm.

The president’s optimism for a deal between Saudi Arabia and Russia to reduce production and a Saudi call for talks send crude prices skyrocketing, but Moscow showed little enthusiasm.

The United States is paying Russia for a planeload of medical equipment sent by Moscow to help fight the coronavirus outbreak, a senior Trump administration official said on Thursday, clearing up confusion as to who footed the bill.

Russian aid for Italy and the US helps Russia's image - and pro-Kremlin media make much of it.

Benchmark U.S. crude fell more than 1% in early trade on Friday, coming off its biggest one-day gain in the previous session after U.S. President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut.

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how cuts would work were unclear.

U.S. stocks rallied on Thursday as hopes for a truce in an oil price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns.

President Vladimir Putin on Thursday prolonged until April 30 a paid non-working period across Russia, stepping up measures to stem the spread of coronavirus just a week after the Kremlin said there was no epidemic.

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how the cut would work were unclear.

U.S. stocks rose on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut oil output drove gains, helping to offset the shocking jump in Americans filing for jobless claims due to coronavirus-led lockdowns.

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.

The United States is paying Russia for a planeload of medical equipment sent by Moscow to help fight the coronavirus outbreak, a senior Trump administration official said on Thursday, clearing up confusion as to who footed the bill.

U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh has called for emergency talks, and Moscow has said it no longer plans to hike production in a battle for market share.

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how the cut would work were unclear.

Wall Street bounced on Thursday as hopes of a truce between Saudi Arabia and Russia to cut oil output drove a record 22% surge in prices, outweighing the shock of over 6 million Americans filing for jobless claims due to virus-led lockdowns.

Wall Street bounced on Thursday as hints of a deal between Russia and Saudi Arabia drove a record 30% surge in oil prices, outweighing the shock of a jump in U.S. jobless claims past 6 million.

Oil prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of oil producers to deal with the market turmoil.

U.S President Donald Trump said on Thursday he had brokered a deal with top oil producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid a global coronavirus pandemic, sending crude prices up by 45%.

Oil prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of oil producers to deal with the market turmoil.

Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil negotiations with Saudi Arabia after talks collapsed last month, which, coupled with the spread of the new coronavirus, dragged oil prices to their 18-year lows.

Oil prices soared over 30% - on track for the most in a day on record - following reports U.S. President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil production cut of 10 million to 15 million barrels.

Saudi Arabia called on Thursday for an emergency meeting of OPEC, Russia and other oil producers to stabilise the oil market, which has been in turmoil since a deal on supply curbs collapsed and Riyadh began pumping extra crude into an oversupplied market.

Oil prices jumped 8% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their battle for market share but gains were capped by fears of a global recession due to the coronavirus.

A Russian medical equipment delivery to the United States to help fight the coronavirus drew anger from critics of the Kremlin on Thursday who pointed out that Russia was itself experiencing severe shortages of such items.

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.

Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.

Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to "challenging" oil markets.

US President Trump says deal could come in ‘a few days’

The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom's crude supply rose to a record of more than 12 million barrels per day even as oil demand falters on the coronavirus pandemic.

U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil production to end a price war that has "ravaged" the oil industry worldwide.

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.

US President Donald Trump said he expects Saudi Arabia and Russia to strike a deal in the next few days.

Russia sent the United States medical equipment on Wednesday to help fight the coronavirus pandemic, a public relations coup for Russian President Vladimir Putin after he discussed the crisis with U.S. President Donald Trump.

Russia is sending the United States medical equipment to help fight the coronavirus pandemic, a public relations coup for Russian President Vladimir Putin after he discussed the crisis with U.S. President Donald Trump.

When you’re down on your luck, you bet on the horse you know.
And with Alberta facing its steepest economic downturn since the 1930s, as the government has been wont to say, Premier Jason Kenney is again putting his money — well, taxpayers’ money — on oil.
Albertans woke up Tuesday to an announcement that Kenney’s government was injecting $1.5 billion into the controversial Keystone XL project, in the hopes of using it to shuttle oil to the southern United States by 2023.
But with oil prices dropping, a global price war and questions about future demand has some asking, is it a losing bet?
It’s hard to overstate the challenges facing the Alberta government. Like jurisdictions around the world, the Alberta economy is being walloped by coronavirus. Unlike most other governments, the province rolled out a budget just a month ago that was highly dependent on oil. Now, sinking

The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to their lowest level in a generation.

The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to their lowest level in a generation.

New Russian laws impose tough penalties for violating lockdown rules.

Food prices are likely to rise while restaurant prices go down amid COVID-19 and a sinking Canadian dollar, according to a new forecast by the University of Guelph and Dalhousie University.
The universities put out a forecast for food prices every December, but issued an update Tuesday because of the ongoing pandemic. While the original overall price forecast — prices to rise between two and four per cent, especially vegetables and bakery — remains, researcher Sylvain Charlebois says the factors in the rise have changed, and may precede an even more difficult 2021 for consumers.
“Things are going to catch up to grocers, to processors. We are expecting salaries to go up and as a result prices will be under a lot of pressure.”
For example meat could rise up to six per cent, which means a $20 cut would become $21.20. Seafood could rise up to four per cent, which means a piece of

OTTAWA—The federal government is starting to provide targeted relief to sectors of the economy hit hard by COVID-19 pandemic, with new aid for airports and broadcasters.
On Monday night, Transport Minister Marc Garneau announced Ottawa is waiving rents that airports pay to the federal government for the rest of the year. The measure affects major airports across the country, including Toronto’s Pearson and Billy Bishop airports.
Garneau’s office said in a news release this will save 22 airports a total of about $331 million this year.
The Liberal minority government also said Canada’s broadcasting regulator, the Canadian Radio-Television and Telecommunications Commission (CRTC), will not charge broadcasters licence fees for the 2020-21 fiscal year. In total, this will free up about $30 million in cash, the Canadian Heritage department said in a morning statement Tuesday.
Over

The Russian leader hates to deliver bad news and wants to distinguish his rule from the turbulent presidency of Boris N. Yeltsin. So he is leaving it to his minions to announce harsh measures.

The Russian leader hates to deliver bad news and wants to distinguish his rule from the turbulent presidency of Boris N. Yeltsin. So he is leaving it to his minions to announce harsh measures.

Yet there is no indication Nicolás Maduro will step down, despite little assistance to confront the coronavirus and losing an economic lifeline during an oil spat between Russia and Saudi Arabia.

Yet there is no indication Nicolás Maduro will step down, despite little assistance to confront the coronavirus and losing an economic lifeline during an oil spat between Russia and Saudi Arabia.

The United States has allowed Russian, Chinese and European companies to continue their work at Iranian nuclear sites to make it harder for Tehran to develop nuclear weapons, the U.S. State Department said on Monday.

OTTAWA—Not even a global pandemic can dispel the discord over climate change and energy in this country.
It might actually make it more pronounced.
As the federal government considers extra relief amidst the COVID-19 crisis for Canada's beleaguered oil and gas sector, industry boosters and climate activists are offering divergent views for what should happen next. One wants a lifeline to survive the devastation. The other wants to build a path through it to a cleaner future, without dependence on oil and its heavy greenhouse gas emissions.
“The climate crisis is a larger public health threat than COVID-19,” said Elizabeth May, parliamentary leader of the Green Party of Canada.
“We can’t allow a slower-moving but more dangerous threat to be lost in the shuffle of an immediate threat,” she said.
“At its worst, COVID-19 could cause tens of millions of deaths around the

As U.S. spy agencies seek to assemble a precise picture of the world's coronavirus outbreaks, they are finding serious gaps in their ability to assess the situation in China, Russia and North Korea, according to five U.S. government sources familiar with the intelligence reporting.

The Kremlin-backed Internet Research Agency, which interfered in the 2016 election, is using different methods to hide itself better.

The Kremlin-backed Internet Research Agency, which interfered in the 2016 election, is using different methods to hide itself better.

Authorities forced to act as citizens ignore Putin’s nine-day semi-curfew

President Vladimir Putin’s grand plans to celebrate the 75th anniversary of victory in World War II, and his own leadership, may be foiled by the coronavirus, which also threatens war heroes.

President Vladimir Putin’s grand plans to celebrate the 75th anniversary of victory in World War II, and his own leadership, may be foiled by the coronavirus, which also threatens war heroes.

Research Snipers
Russia will, in general, choose to disregard some fraudsters and hackers, however, it just clipped...
The post Russia clamps down upon a big credit card fraud group appeared first on Research Snipers.

Pretending to be a senior official, Sergei Davydov induced judges to fix cases, then revealed the conversations. Then the system struck back.

Pretending to be a senior official, Sergei Davydov induced judges to fix cases, then revealed the conversations. Then the system struck back.

The U.S. had imposed sanctions on two Rosneft oil trading subsidiaries this year for helping Venezuela’s authoritarian president, Nicolás Maduro.

The U.S. had imposed sanctions on two Rosneft oil trading subsidiaries this year for helping Venezuela’s authoritarian president, Nicolás Maduro.

Russian energy company sells its assets in the struggling Latin American nation to the Kremlin

The two powers amplify discredited conspiracy theories and sow division as they look to undermine the United States.

The two powers amplify discredited conspiracy theories and sow division as they look to undermine the United States.

Russia begins a "non-working week" to try to slow the spread of coronavirus.

Russia said on Friday U.S. "narco-terrorism" charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become "a tool of genocide" amid the coronavirus outbreak.

Russia is sharply divided over a constitutional change that would allow President Vladimir Putin to extend his rule until 2036, an opinion poll published on Friday has found.

OTTAWA—Canadians can expect ballooning deficits and a sharp rise in the national unemployment rate as governments attempt to manage the economic fallout from the COVID-19 pandemic, according to a new report by the independent Parliamentary Budget Officer.
Under the PBO’s modelling, Canada’s real GDP growth could contract by 5.1 per cent in 2020 — the “weakest (year) on record since 1962,” the office said.
The PBO stressed that given the extreme uncertainty in the world right now, their report is just a scenario and not a prediction of what could happen.
But it makes clear that Canadians will have to hunker down for the long haul during the global health and economic crisis.
“We assume that the current COVID-19 social distancing and self-isolation measures will remain in place through August, lasting roughly six months in total,” the office said.
“Based on our economic

Just over a week ago, President Vladimir Putin said Russia had the spread of coronavirus "under control." Now the country is changing tactics, as authorities acknowledge they are gearing up for a major Covid-19 outbreak.

The countries agree a mass killing occurred on the Amur River in 1900. They would just prefer not to discuss it right now.

The countries agree a mass killing occurred on the Amur River in 1900. They would just prefer not to discuss it right now.

MONTREAL—The woman in mask and medical gloves was happily slinging beers and Sauvignon Blancs to the trickle of travellers awaiting flights home to Canada from London’s Heathrow Airport.
The mask hid a brave face as the coronavirus contagion sends her industry into a tailspin.
The bartender confided that she first noticed a drop in travellers at the Air Canada lounge only on Monday of this week. On Tuesday, Europe’s busiest airport for passenger traffic was as quiet and calm as a museum.
On Wednesday, the woman said, the lounge was set to close, its employees to embark on a month-long “vacation.”
This, as Air Canada scales back its services and payroll, as governments call citizens home and the International Air Transportation Association projects a $113-billion (U.S.) loss in passenger revenues for 2020 — a 20-per-cent drop.
In Peru, Morocco, Spain and other countries

A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia's sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus.

OTTAWA—Amidst a global scramble for medical supplies and a clampdown on travel, Canada’s new ambassador to the United States says no country will get through the COVID-19 pandemic alone.
Newly-named in a country intent on putting up walls and charting its own course through the crisis, Kirsten Hillman added her voice to a chorus of leaders — including from the United Nations and World Health Organization — calling on nations to band together to confront the deadly coronavirus at a time when the world is already riven by trade wars and nationalist protectionism.
“This isn’t a health situation that is going to respect any borders. We’ve seen that. It’s obvious. And the solutions can’t be solely determined by any one country,” Kirsten Hillman, Canada’s ambassador to the U.S., told the Star by phone on Thursday.
“There is no doubt that international co-operation is going to be

Russian hostel manager Valerie Azure has spent the past three nights sleeping on the floor of a Malaysian airport along with her young son, after Southeast Asian nations sealed borders and cancelled flights in the wake of the coronavirus pandemic.

Russian hostel manager Valerie Azure has spent the past three nights sleeping on the floor of a Malaysian airport along with her young son, after Southeast Asian nations sealed borders and canceled flights in the wake of the coronavirus pandemic.

President Vladimir V. Putin of Russia postponed a referendum on a constitutional change to term limits and ordered a weeklong national holiday to help halt the spread of the coronavirus.

President Vladimir V. Putin of Russia postponed a referendum on a constitutional change to term limits and ordered a weeklong national holiday to help halt the spread of the coronavirus.

Russian president bows to pressure as coronavirus cases surge

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Russia's President Putin postpones vote on constitution change allowing him to stay in power.

Russian authorities lifted a tsunami warning in the Pacific far east on Wednesday after a 7.5 magnitude earthquake struck off the coast of the Kuril Islands, the RIA news agency reported, citing a representative of the Sakhalin Tsunami Centre.

Residents in the northern part of Russia's Kuril Islands remain under threat from tsunami after a 7.5 magnitude earthquake struck off the coast, but emergency services reported small waves and no casualties or damage.

Virus and fears over restrictions in Russia and Ukraine push up futures

Meteorological authorities in Japan didn't issue any tsunami alerts while U.S. authorities canceled a warning for Hawaii after a 7.5 magnitude earthquake struck off Russia's Kuril Islands.

U.S. authorities put out tsunami warnings on Wednesday after an earthquake of magnitude 7.8 struck off Russia's Kuril Islands, but meteorological officials in Japan issued no alerts, although they said there might be slight tidal changes.

www.telegraph.co.uk for the latest news from the UK and around the world.

Russian government has told the country's regions to close nightclubs and cinemas to slow the spread of the coronavirus, it said in a statement on Tuesday.

Moscow mayor Sergei Sobyanin challenges Kremlin’s official stance

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Russian Prime Minister Mikhail Mishustin on Monday gave the authorities five days to develop a system to track people who have come into contact with anyone with coronavirus by using mobile phone geolocation data.

The Russian Olympic Committee (ROC) on Monday said the world's sporting authorities need to make balanced decisions based on logic and analysis in the face of coronavirus "panic" to determine whether Tokyo 2020 will go ahead this summer.