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Russia ForeignMin Lavrov: Russia supports OPEC+ proposal to cut oil output

When asked about the OPEC and its allies’ (OPEC+) proposal on global oil supply cuts to compensate for a drop in demand caused by the coronavirus, Russia’s Foreign Minister Sergei Lavrov said that they back the OPEC+ recommendation to deepen output cuts.

Key Quotes:

We support this idea.

Russian President Vladimir Putin had recently spoken with the king of OPEC’s de facto leader Saudi Arabia about the new virus, which has spread through China and beyond and sapped energy demand.

GBP/USD back in low 1.29s, giving back a premature bid in the 1.30s

GBP underperformed overnight and cable was falling from 1.3000 to 1.2921 – for a six-week low. In Asia, we have seen minimal price action with the pai
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PBOC: China fully confident and able to cope with possible impact from coronavirus outbreak on economy

PBOC: China fully confident and able to cope with possible impact from coronavirus outbreak on economy More to come ...
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