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US stocks trade mixed as economic-reopening hope offsets dismal jobs report

Getty Images / Xinhua News Agency US stocks traded mixed on Wednesday amid continued efforts by the US government to reopen the economy. Investors looked past a dismal report from ADP showing that US companies lost 20.2 million jobs in April. .....»»

Category: topSource: businessinsiderMay 6th, 2020

SAP to host "Virtual Take Your Child to Work Day" with celebrities to bring "cheer and focus" on children amid COVID-19

SAP Supermodel and Project Runway host, Karlie Kloss and global pop group Now United are among the group of 18 athletes, celebrities, and influencers joining in on SAP's "Virtual Take Your Child to Work Day" April 23. Th.....»»

Category: topSource: businessinsiderApr 21st, 2020

Saudi energy minister says OPEC+ effective oil cuts are 12.5 million bpd

The Saudi energy minister said on Sunday that effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day, because of higher output in April from Saudi Arabia, the United Arab Emirates and Kuwait......»»

Category: topSource: reutersApr 12th, 2020

Saudi, others resist Mexican plan to make small oil output cuts - sources

Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday......»»

Category: topSource: reutersApr 10th, 2020

Saudi energy minister calls for affordable energy supply at G20 meeting

The Saudi energy minister told a conference of the G20 group of the world's largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery......»»

Category: topSource: reutersApr 10th, 2020

Global oil output cuts held hostage to standoff

Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts......»»

Category: topSource: reutersApr 10th, 2020

Global oil output cuts held hostage to Mexican standoff

Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts......»»

Category: topSource: reutersApr 10th, 2020

Kremlin says Putin, Trump, Saudi king seek to stabilise oil trade

Russian President Vladimir Putin, U.S. President Donald Trump and Saudi Arabia's King Salman, discussed the OPEC+ oil group meeting in a phone call on Friday and confirmed their aim was to stabilise the global oil trade, the Kremlin said......»»

Category: topSource: reutersApr 10th, 2020

Oil rallies ahead of Russia, Saudi meeting on price war

Russia and Saudi Arabia are set to hold a virtual meeting to discuss production cuts that President Trump has suggested could total 10 million barrels per day......»»

Category: topSource: foxnewsApr 8th, 2020

Oilfield firm Halliburton cuts more US jobs as oil bust deepens

Oilfield services firm Halliburton on Monday was cutting about 350 employees in Oklahoma, according to a filing with the state, amid a deepening oil bust from the spread of coronavirus and a price war between Russia and Saudi Arabia......»»

Category: topSource: foxnewsApr 6th, 2020

Trump touts "great" Saudi-Russia oil deal to halt price rout, but details unclear

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......»»

Category: topSource: reutersApr 2nd, 2020

Dow closes more than 450 points higher on hopes of Russian-Saudi oil output cuts

Stocks closed higher on Thursday amid hopes that Saudi Arabia and Russia will curtail oil production, providing stability to energy markets roiled by the price war between the two crude exporters. The.....»»

Category: topSource: marketwatchApr 2nd, 2020

Trump touts "great" Saudi-Russia oil deal to halt price rout, details unclear

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......»»

Category: topSource: reutersApr 2nd, 2020

Trump says he brokered deal with Saudi, Russia for huge oil cuts

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%......»»

Category: topSource: reutersApr 2nd, 2020

Cramer: The oil patch is falling apart

CNBC's Jim Cramer weighs in on the current state of the oil industry amid the stand-off between Russia and Saudi Arabia, and the lack of demand during the pandemic......»»

Category: topSource: moneycentralApr 1st, 2020

As oil tanks, Trump talks with Russia"s Putin, Saudi Arabia"s crown prince

A price war amid the coronavirus pandemic has plunged oil's value......»»

Category: topSource: foxnewsMar 31st, 2020

Saudi Arabia says no talks on new oil deal, Moscow suggests larger OPEC+

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader......»»

Category: topSource: reutersMar 27th, 2020

Saudi Arabia says no talks on new oil deal as Moscow suggests larger OPEC+

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader......»»

Category: topSource: reutersMar 27th, 2020

Futures Movers: Oil prices end higher as move toward U.S. stimulus package fuels optimism

Oil futures end higher Wednesday, giving up earlier declines as optimism surrounding the $2 trillion U.S. stimulus package eventually helped to calm worries about growing supply amid a price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchMar 25th, 2020

Futures Movers: Oil retreats as supply fears outweigh U.S. stimulus package

Oil futures trade lower Wednesday, with worries about growing supply amid a price war between Saudi Arabia and Russia outweighing support from an agreement on a $2 trillion U.S. stimulus program......»»

Category: topSource: marketwatchMar 25th, 2020