Money

  • Photo of US does not negotiate with Riyadh or Moscow on oil production

    US does not negotiate with Riyadh or Moscow on oil production

    US, WASHINGTON (ORDO NEWS) — US Energy Secretary Dan Bruyett said at a meeting with representatives of the oil industry on Friday that the White House is not negotiating with Saudi Arabia or Russia to reduce oil production and wants both sides to come to an agreement with each other, Reuters reports citing a source. According to the minister, US President Donald Trump is optimistic that a deal between Russia…

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  • Photo of Trump says may introduce duties on Saudi oil

    Trump says may introduce duties on Saudi oil

    US, WASHINGTON (ORDO NEWS) — Trump announced the possibility of introducing duties on Saudi oil. — Online: Our Standards, Terms of Use: Standard Terms And Conditions. Contact us: [email protected] The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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  • Photo of Oil prices jump more than 13%

    Oil prices jump more than 13%

    US, WASHINGTON (ORDO NEWS) — Oil prices jump more than 13% thanks to hopes of a deal to cut supplies. Oil futures jumped for a second straight session, on Friday, and US and Brent crude futures recorded the two largest gains in terms of percentage terms since the benchmarks began to trade. The jump was due to hopes that a global deal to cut supplies around the world could be…

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  • Photo of Trump believes Russia and Saudi Arabia stopped oil disputes

    Trump believes Russia and Saudi Arabia stopped oil disputes

    US, WASHINGTON (ORDO NEWS) — US President Donald Trump believes that Russia and Saudi Arabia have stopped their oil disputes. This was stated on Friday by the head of the White House National Economic Council Lawrence Cadlow. “The US President spoke on a number of issues with Russian President Vladimir Putin and the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud. The President believes that they reached an…

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  • Photo of Russia may reduce oil production by 1.5 million barrels per day

    Russia may reduce oil production by 1.5 million barrels per day

    US, WASHINGTON (ORDO NEWS) — Russia, if agreements are reached to stabilize the global energy market at a meeting of OPEC + countries, could reduce oil production by 1.5 million barrels per day. This statement was made on Friday by The Wall Street Journal , citing sources. According to them, the meeting, which is expected to be held in the form of a videoconference, will discuss the possibility of a…

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  • Photo of Trump believes Russia and China want to stabilize the oil market

    Trump believes Russia and China want to stabilize the oil market

    US, WASHINGTON (ORDO NEWS) — US President Donald Trump believes that Russian President Vladimir Putin and Crown Prince of Saudi Arabia Mohammed bin Salman want to stabilize the global oil market. About this, as reported on Friday by Reuters, the head of the Washington administration said at a meeting with representatives of the energy industry, held in the White House. As the White House press pool in turn informed, the…

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  • Photo of Oil war is the last thing you need in a pandemic

    Oil war is the last thing you need in a pandemic

    US, WASHINGTON (ORDO NEWS) — Undoubtedly, President Trump is haunted by the oil war between Saudi Arabia and Russia. On Tuesday, March 31, during a press conference, he announced that he had spoken with Crown Prince of Saudi Arabia Mohammed bin Salman and Russian President Vladimir Putin. According to the American president, these two leaders are negotiating, and Trump can “personally join these negotiations at the right time if necessary.…

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  • Photo of Trump’s oil battle with Russia

    Trump’s oil battle with Russia

    US, WASHINGTON (ORDO NEWS) — The fierce rivalry between the Trump administration and Putin’s Russia is the most little-known geopolitical news story of our time. While many American Democrats are still firmly convinced that Trump is in Putin’s hands, the Kremlin has embarked on an expensive and risky strategy, the goal of which is to undermine the dangerous, as it seems to him, strengthening of American power and influence. In…

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  • Photo of Oil prices soared after the call of Saudi Arabia

    Oil prices soared after the call of Saudi Arabia

    US, WASHINGTON (ORDO NEWS) — Saudi Arabia called for an urgent meeting between OPEC + and a group of other countries in order to reach a fair agreement that will restore the desired balance in the oil markets. It is noted that the call for an extraordinary summit is associated with the desire of Saudi Arabia to support the global economy in exceptional circumstances and in appreciation of the request…

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  • Photo of Putin praised Saudi Arabia’s oil market policy

    Putin praised Saudi Arabia’s oil market policy

    US, WASHINGTON (ORDO NEWS) — Riyadh, apparently, is trying to get rid of competitors who produce shale oil, they are getting to some extent, but the Russian Federation does not need it, Russian President Vladimir Putin said on Friday. “All this is understandable, because this, apparently, is connected with the attempts of our partners from Saudi Arabia to get rid of competitors who extract the so-called shale oil. In order…

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  • Photo of How will coronavirus affect the German economy?

    How will coronavirus affect the German economy?

    US, WASHINGTON (ORDO NEWS) — The Council of Economic Experts under the Government of the Federal Republic of Germany (the so-called “Council of the Sages” whose task is to assess the economic situation and recommend to the government) presented several scenarios for the development and overcoming of the situation associated with the spread of coronavirus. The first of these, “optimistic,” suggests that the numerous restrictive measures introduced in Germany in…

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  • Photo of Blow to the oil-producing countries of the US continent

    Blow to the oil-producing countries of the US continent

    US, WASHINGTON (ORDO NEWS) — Over the past time this year, oil prices range from $ 20 to $ 25, and global consumption fell by 20% due to coronavirus. Brent crude oil is worth $ 25 a barrel; it has dropped to its lowest level in the last two decades. All this is compounded by a serious imbalance between supply and demand. In today’s world there are not enough storage…

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  • Photo of IMF said that the global economy has stopped

    IMF said that the global economy has stopped

    US, WASHINGTON (ORDO NEWS) — The world economy has practically stopped, the situation is much worse than during the crisis of 2008-2009, said Kristalina Georgieva, managing director of the International Monetary Fund . “We never in the history of the IMF have seen the world economy stop. We are in a recession, it is much worse than the global economic crisis,” said Georgieva at a press conference. — Online: Our…

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  • Photo of Putin explains one of the reasons for collapse in oil prices

    Putin explains one of the reasons for collapse in oil prices

    US, WASHINGTON (ORDO NEWS) — Russian President Vladimir Putin said that the situation with coronavirus, Saudi Arabia ’s withdrawal from the OPEC + deal, its increase in production, and the announcement of readiness to provide oil discounts were the reasons for the decline in oil prices. “Actually, on the surface is what you (Minister of Energy Alexander Novak ) have just said – firstly, the reasons for the decline in…

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  • Photo of Gold is stable ahead of US data and a stronger dollar

    Gold is stable ahead of US data and a stronger dollar

    US, WASHINGTON (ORDO NEWS) — Gold prices stabilized with little change on Friday, as the dollar was curbed by a rise in investors as investors awaited employment data in the non-agricultural sectors in the United States to extract more indicators about the economic impact of the coronavirus pandemic. Gold settled in immediate transactions unchanged at $ 1612.58 an ounce by 0834 GMT, after jumping 1.4 percent on Thursday as a…

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  • Photo of OPEC discuss a possible 10 million b/d production cut

    OPEC discuss a possible 10 million b/d production cut

    US, WASHINGTON (ORDO NEWS) — OPEC + group of crude oil exporters are discussing a reduction in global supplies by ten million barrels per day, adding that any additional cuts should include non-coalition producers. US President Donald Trump said on Thursday he had brokered a deal under which major producers Russia and Saudi Arabia would cut production and halt a drop in oil prices in light of the Corona virus…

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  • Photo of Brent erases its losses and rises above $ 30 a barrel

    Brent erases its losses and rises above $ 30 a barrel

    US, WASHINGTON (ORDO NEWS) — Brent crude futures wiped out losses in Asian trading, rising in early European trade above $ 30 a barrel, as hopes for a major global deal to cut supplies to support prices remain. Brent futures rose seven percent, or $ 2.10, to $ 32.04 a barrel by 0748 GMT. Brent jumped 47 percent during Thursday’s session, recording the highest percentage increase during a session ever,…

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  • Photo of Japan stocks closed stable, down 8% per week

    Japan stocks closed stable, down 8% per week

    US, WASHINGTON (ORDO NEWS) — Japanese stocks ended flat on Friday with support from health care and energy companies, but investors held back from making big bets ahead of the US unemployment data released later on Friday. The benchmark Nikkei index closed up 0.01 percent to 17,820.19 points in a quiet session that saw the volatility of shares between profit and loss. For the week, the index was 8.1 percent…

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  • Photo of Boeing suspends production of military aircraft

    Boeing suspends production of military aircraft

    US, WASHINGTON (ORDO NEWS) — Pennsylvania’s Boeing Aircraft Plant, which produces military helicopters and tilt rotor planes, closes before April 20 due to the spread of the coronavirus epidemic in the United States. Boeing will suspend operations on the evening of April 3. According to the company, the plant produces military helicopters, including the H-47 Chinook, V-22 Osprey and MH-139A Gray Wolf. In addition, other works are carried out at…

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  • Photo of S&P expects US debt growth and budget deficit this year

    S&P expects US debt growth and budget deficit this year

    US, WASHINGTON (ORDO NEWS) — S&P Global Ratings joined the previously announced Fitch Ratings, confirming US sovereign ratings at “AA +” / “A-1 +” with a “stable” outlook. Nevertheless, the agency noted that they expect a deterioration in the situation with public debt and the US budget deficit this year after the “economic shock” caused by the pandemic. Rating agency experts added that they expect the United States economy to…

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