Oil market falls too big to offset with output cuts, IEA warns
By Administrator_India Capital Sands The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market. Benchmark Brent crude futures fell following the IEA’s monthly […]
Global creditors agree debt relief for poor countries hit by pandemic
By Administrator_India Capital Sands Major international creditors will suspend debt payments this year for the world’s poorest countries, who will be hit hardest by the rapidly spreading coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s. French Finance Minister Bruno Le Maire said some 76 countries, including 40 in […]