KPC informs customers of a new reduction in crude oil contractual volumes
Vienna, Austria, 30 April 2020--Kuwait Petroleum Corporation has informed its customers of a 22% reduction in their crude oil contractual volumes from July until December 2020, following reductions already made for May and June 2020, according to a letter sent by KPC to its customers.
OPEC hosts series of energy round table with reputable international institutions
The OPEC Secretariat has been hosting a series of energy round tables with select experts from international institutions, the oil industry and the financial community following two Extraordinary OPEC and non-OPEC Ministerial Meetings held via videoconference on 9 and 12 April.
Norway adjusts its oil production to support oil market stability
Vienna, Austria, 30 April 2020--Norway has announced its plans to voluntarily adjust its production of crude oil to accelerate the stabilisation process in the global oil market, in light of the outbreak of COVID-19 and its impact on the global economy and oil demand.
Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief – sources
Source: Exclusive: Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief – sources – Reuters
Watch Federal Reserve Chairman Jerome Powell’s news conference live
Read more from the original source: Watch Federal Reserve Chairman Jerome Powell’s news conference live
Gold down a fourth straight session; prices move up after Fed policy statement
Source: Gold down a fourth straight session; prices move up after Fed policy statement – MarketWatch
Fed leaves rates near zero, vows to use ‘full range’ of tools to help economy
Source: Fed leaves rates near zero, vows to use ‘full range’ of tools to help economy – Reuters
Fed commits to use full range of tools as economy faces continuing public-health crisis
Source: Fed commits to use full range of tools as economy faces continuing public-health crisis – MarketWatch
Fed pledges to keep rates near zero until full employment, inflation come back
Go here to see the original: Fed pledges to keep rates near zero until full employment, inflation come back
Scotiabank to shutter metals business
Canadian bank was one of the biggest names in precious metals trading Source: Scotiabank to shutter metals business – Mining Journal