Saudi-Mexican clash halts record oil cut deal despite Trump pressure

MOSCOW/LONDON/DUBAI (Reuters) – Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with Mexico despite U.S. President Donald Trump’s mediation offer. OPEC led by Saudi Arabia and its allies led by Russia, which together make up the informal OPEC+ group, had forged a […]

Read more

G20 leaders commit to united front against pandemic

DUBAI (Reuters) – G20 leaders said during on Thursday they were committed to presenting a united front against the coronavirus pandemic, calling it their “absolute priority” to tackle its health, social and economic impacts. During an video conference of the world’s major economies, the leaders said they were committed to restoring confidence, preserving financial stability and reviving growth. They said […]

Read more

Putin to take part in extraordinary G20 summit to discuss coronavirus: Kremlin

MOSCOW (Reuters) – Russian President Vladimir Putin will take part in a summit of Group of 20 economies to discuss the coronavirus crisis by video link on Thursday, the Kremlin said on Tuesday. G20 finance ministers and central bankers agreed during a separate video conference on Monday to develop an “action plan” to respond to the outbreak. Source: Read Full […]

Read more

G20 to forgo issuing statement after Monday's call: source

TOKYO (Reuters) – The Group of 20 finance leaders will not issue a statement after Monday’s teleconference, a G20 source told Reuters, underscoring the challenge they face in garnering a consensus on how to deal with the rising economic risk from the coronavirus outbreak. The talks, which are scheduled for 1100 GMT, comes as the G20 faces pressure to take […]

Read more