Russian ministry, oil firms to meet after OPEC talks collapse -sources
Russia’s Energy Ministry will meet with the country’s oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.
EU weighs dropping aviation slot rules as airline crisis deepens
Brussels was considering on Tuesday dropping a rule requiring airlines to run most of their scheduled services or forfeit their landing slots, a move that would give carriers some breathing space as the industry crisis over coronavirus deepens.
Wall Street jumps at the open on stimulus hopes
U.S. stock indexes opened more than 2% higher on Tuesday as hopes of coordinated policy easing to avert a global recession calmed investor nerves a day after the biggest market rout since the financial crisis.
United Airlines shores up liquidity, cuts costs to weather coronavirus
United Airlines Holdings Inc said on Tuesday it has raised an extra $2 billion in financing while slashing its 2020 capital expenditures by more than a third in an effort to prepare for a prolonged slump in travel demand due to COVID-19.
Royal Caribbean withdraws 2020 forecast, boosts liquidity amid coronavirus fears
Royal Caribbean Cruises Ltd on Tuesday withdrew its first-quarter and full-year forecast, and increased its credit capacity by $550 million to boost liquidity amid concerns around the rapid spreading of coronavirus.
Wall Street set for rebound on stimulus hopes
Wall Street was set for strong opening gains on Tuesday, with the Dow Jones on track to recover almost half its losses from a day earlier on hopes of coordinated policy easing to avert a global recession.
Royal Caribbean increases borrowing capacity, withdraws 2020 forecast
Royal Caribbean Cruises Ltd said on Tuesday it had increased its revolving credit capacity by $550 million and withdrew its full-year forecast, citing the coronavirus outbreak.
Iraq in touch with OPEC+ to discuss oil price fall: ministry
Iraq is in touch with other OPEC+ members to discuss ways to stop an oil price collapse, the oil ministry said on Tuesday, adding that flooding markets was not in the best interest of producing countries.
Russia’s energy ministry calls meeting with oil companies on Wednesday: sources
The Russian Energy Ministry has called a meeting with oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.
Saudi energy minister: no need for OPEC+ meet if no agreement on handling oil market crisis
Saudi Arabia’s energy minister said on Tuesday he does not see a need to hold an OPEC+ meeting in May-June if there was no agreement on what measures should be taken to deal with the impact of the coronavirus on oil demand and prices.
