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2020, April, 9, 13:45:00
EDF FINANCIAL TARGETS DOWN
EDF would lower its 2020 nuclear power production target of 375-390 TWh, but did not say by how much.
2020, April, 9, 12:05:00
OIL PRICE: NEAR $34
Brent rose by almost 2.6%, or 87 cents, to $33.71 a barrel, WTI were up 5%, or $1.27 cents, at $26.36 a barrel
2020, April, 9, 12:00:00
SAUDI ARABIA, RUSSIA, U.S. CONVERSATION
The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.
2020, April, 9, 11:55:00
SAUDI ARABIA, RUSSIA, U.S. REDUCTION
Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.
2020, April, 9, 11:50:00
OPEC+ SEEKS CUTS TO 15 MBD
The oil market has collapsed due to the coronavirus pandemic, as well as the inability of the OPEC+ alliance to agree on a production cut strategy at its last meeting March 5-6, when Russia rejected a Saudi-led proposal for deeper cuts.
2020, April, 9, 11:45:00
CHINA STOCKS UP
China - at the close, the Shanghai Composite index was up 0.37% at 2,825.90.
2020, April, 9, 11:40:00
GOLD PRICE UP
Spot gold rose 0.6% to $1,654.94 per ounce by 0719 GMT, having hit a four-week high of $1,671.40 on Tuesday. It has risen more than 2.3% this week.
2020, April, 9, 11:35:00
SUB-SAHARAN AFRICA RECESSION 2020
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years,
2020, April, 9, 11:30:00
INDIA'S COAL IMPORTS DOWN
India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 per cent over last year,
2020, April, 9, 11:25:00
NORWAY REDUCES COSTS
"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.