The US Secretary of State spoke on the phone with the Crown Prince of Saudi Arabia, urging him to calm the world’s energy and financial markets. Thus, the United States has intervened in a price war between the kingdom and Russia, writes Bloomberg. The United States directly intervened in the price war between Saudi Arabia and Russia, urging Riyadh to calm the energy and financial markets in...

On Tuesday, gold went up by 6%. This is the most significant one-day price increase since 2009. The price increase was the largest in the history of observations. On March 24, gold went up by 6%. There has been no such a strong increase in prices since March 2009. In monetary terms, the value added $ 93.2 and reached $ 1660.8 after deduction, and there has never been such a noticeable increase...

The US Fed has abandoned restrictions on the volume of asset repurchases to maintain stability in the financial markets. This week, the Reserve Bank of New York will buy back $ 125 billion worth of securities. The regulator also announced the launch of several $ 300 billion programs to support lending, thus engaging all set of tools available to monetary authorities. The International Monetary...

According to the forecasts of Goldman Sachs investment bank, a total of 2.25 million Americans lost their jobs last week. The virus pandemic, which caused quarantine and the shutdown of many enterprises, has already resulted in massive reductions in small and medium-sized businesses in the areas of catering, tourism and entertainment. At the same time, large retailers, faced with rush demand from...

The main macroeconomic indicators of the Chinese economy sagged by 13–25% in January-February against the backdrop of the fight against coronavirus, as seen from the first official data from the National Bureau of Statistics of the PRC. This is much worse than expected by analysts: apparently, Chinese statistics became the main reason for the collapse in world markets. This did not prevent the US...

President of the European Central Bank (ECB) Christine Lagarde said that there is a need for "large-scale and coordinated" measures in response to the coronavirus, warning that its spread has already become a "strong shock" for the prospects for global economic growth. “We urge governments and all other political institutions to take timely and targeted action,” Lagarde said during a press...

The ongoing price war in the oil market, which caused the collapse of quotations, will adversely affect countries' desire to switch to clean energy, said Fatih Birol, Head of the International Energy Agency (IEA). Analysts warn that a price war in the oil market, along with a slowdown in global economic growth, could hit demand for electric cars and reduce the attractiveness of measures to...

EU authorities want to suspend the rules for receiving and maintaining slots at airports during the epidemic of the coronavirus COVID-19. Because of the rules, airlines are now forced to carry "ghost flights" with almost no passengers on board. This further worsens the situation in the face of a sharp decrease in passenger traffic due to the spread of coronavirus. The European Commission is...

US oil production will increase this year, despite the termination of the OPEC + deal and falling oil prices, follows from the monthly short-term forecast of the Energy Information Administration (EIA) of the US Department of Energy. Compared to last year, the supply volume will increase by 760 thousand barrels per day (bpd), up to 12.99 million bpd, and not by 960 thousand bpd, as previously...