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Analysis: Why Russia is waging an oil war with America
Vladimir Putin knows America's fragile oil industry is built on a mountain of debt. So when Saudi Arabia called for production cuts to mitigate oversupply, Putin decided to pounce......»»
Analysis: Why Russia is waging an oil war with America
Vladimir Putin knows America's fragile oil industry is built on a mountain of debt. So when Saudi Arabia called for production cuts to mitigate oversupply, Putin decided to pounce......»»
Putin takes aim at US shale oil industry
Oil prices crashed Sunday evening after Saudi Arabia launched a price war against Russia following the Kremlin’s decision not to agree to production cuts......»»
Shares step back as hopes of early end to coronavirus fade
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts......»»
Futures Movers: Oil prices drop to 2-week low as global demand worries offset OPEC output-cut extension
Oil futures slump Tuesday to lowest price in nine trading says, erasing gains following news of extended OPEC-led production cuts......»»
Futures Movers: Oil falls 3% as worries about global demand offset OPEC production-cut extension
Oil futures plunge Tuesday, erasing gains from a day earlier that followed news of extended OPEC-led production cuts......»»
Futures Movers: Oil market’s post-OPEC rally fades on trade-pact uncertainty
Oil futures prices slip Tuesday, unable to extend the late-Monday gain that followed word of extended OPEC production cuts, with investors unable to completely shake demand worries tied to a vulnerable global economy and trade......»»
Oil falls as Putin clouds outlook for more production curbs
Oil fell by the most in more than two weeks as Russian President Vladimir Putin clouded the outlook for production cuts that have helped power this year’s rally......»»
Putin Confirms No New Oil Production Cuts; Hopes For US, UK Detente
Russian President Vladimir Putin praised Trump, pummeled Poroshenko, and poured cold water on o.....»»
The Wall Street Journal: Putin says Russia, Saudis agree to renew OPEC production cuts
Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week......»»
Grumbling From Russian Oil Giant Rosneft Over Production Cuts: Reuters
The CEO of Rosneft reportedly has complained to Russian President Vladimir Putin that going along with OPEC production cuts is a "strategic threat and plays into the hands of the United States.".....»»
WTI Holds Gains Despite Bigger Than Expected Crude Build
WTI has extended gains, pushing back above $54, following last night's surprise crude draw reported by API and Saudi Arabia pledged to deepen production cuts. The world’s biggest crude exporter will continue to.....»»
Lordstown Motors sinks 19% as the electric vehicle maker cuts production outlook and seeks more funding
Lordstown forecast that production of its Endurance truck this year would be "at best" 50% of its previous expectations. The Endurance truck wit.....»»
EV startup Canoo narrows quarterly loss, says it is "on track" for production in 2022
Shares of Canoo Inc. weaved between gains and losses in the extended session Monday after the electric-vehicle startup reported a narrower-than-expected quarterly loss. Canoo said it lost $15.2 million, or 7 cents a share, in the first .....»»
Wisconsin Center District extends CEO Brooks" contract, will end furloughs, restore pay
On a day when Wisconsin Center District president and CEO Marty Brooks announced ending furloughs, layoffs and pay cuts for employees, the district board extended Brooks’ contract by three years......»»
Chip shortage forces more production cuts by GM, Ford
The shutdowns likely will crimp dealer inventory of vehicles made at the plants.....»»
GM Cuts Production, VW Warns Texas Storms Hurt Chip Supplies As Semi Shortage Hammers Carmakers
GM Cuts Production, VW Warns Texas Storms Hurt Chip Supplies As Semi Shortage Hammers Carmakers Microchip supply bottle.....»»
Toyota, Nissan potential production cuts due to Renesas fire, Nikkei reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
GM extends production cuts in North America amid chip shortage, Reuters says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Boeing auctions off Renton office furniture, art and exercise equipment
The Chicago-based jet maker is selling thousands of office items as it grapples with close to $20 billion in debt, commercial aircraft production cuts, declining aircraft sales and mass layoffs......»»