The price of a barrel of Brent in the short term will drop to $ 35, Goldman Sachs forecasts. On Monday, its value for the first time since early March exceeded $ 43. The price of oil is likely to decline in the coming weeks due to uncertainty about future demand and the difficult situation of storage congestion. This was reported by Goldman Sachs, reports Reuters. The fall in refining profits...

Bolivian airlines are asking the authorities for $ 100 million in aid due to a serious drop in traffic amid the pandemic, El Deber reported, citing Amaszonas Executive Vice President Luis Verdú. This major carrier, whose routes connect Bolivia with other Latin American countries, has sent the government a proposal for a package of measures to support the industry. Funds of $ 100 million are...

People around the world have begun actively renting holiday homes, according to Airbnb and other services. Now, tourists prefer spontaneous trips around their countries to long overseas trips and tend to open spaces such as beach resorts or mountain villages. Residents of cities are fleeing from the coronavirus threat to nearby places where they rent vacation property, and do it in unexpectedly...

OPEC + countries extended the agreement on limiting oil production on previous terms for one more month. According to the agreements, from July they will comply with the production limit of 9.6 million barrels per day, which is slightly less than in May-June, since Mexico has not yet agreed to extend the deal. On the eve of the meeting, the parties to the agreement tried to make sure that they...

On June 2, the exchange rate of the most popular cryptocurrency Bitcoin confidently overcame the level of $ 10 thousand and reached its maximum level since February 2020. The growing unrest in the United States, as well as the continuing disagreement in relations between the United States and China are forcing investors to transfer part of the funds to defensive assets, including virtual ones....

Tim Clark, President of Emirates Airlines, expects that flights will return to normal by the summer of 2021 if the COVID-19 vaccine will be available the first quarter of 2021. "Until the story of this virus lasts too long, we will continue to live and see that everything will return to normal in June 2021. If we get the vaccine by the 1st quarter of 2021, we have a chance to fight, and my bet is...

Goldman Sachs, which was expecting a new collapse in the US stock market in May, changed its forecast. Analysts now point out that the US S&P 500 may grow. Goldman Sachs bank abandoned its earlier forecast, which said that the US market was waiting for another sharp drop, according to Bloomberg. The bank did this amid an ongoing rally of US securities, the agency said. In May, bank strategists...

The Saudi Arabian Monetary Authority, the Central Bank of Saudi Arabia, will send 50 billion riyals ($ 13.3 billion) to the country's banking system to help combat the effects of the coronavirus pandemic COVID-19 and falling oil prices. The central bank will support financial stability and expand lending opportunities for the private sector, reads its statement. This step aims to help banks...

France should become Europe's leader in electromobility, said President Emmanuel Macron. The authorities want to expand the network of charging stations and increase the output of electric vehicles and hybrids to 1 million per year. France will direct over €8 billion to support its automotive industry. The authorities intend to turn the country into a European leader in electric mobility, said...