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When oil became waste: a week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures , which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel. https://reut.rs/2Kwv9cd
Intelligence chief Mustafa al-Kadhimi is regarded as being acceptable to both US and Iran
Iraqi lawmakers have approved a new prime minister and government after six months without one as parties squabbled until the last minute over cabinet seats in backroom deals.
The new prime minister, Mustafa al-Kadhimi, Iraq’s intelligence chief and a former journalist, will head the new government. He will begin his term without a full cabinet, however, after several ministerial candidates were rejected. Continue reading... https://bit.ly/2WDaetH
Investors want to know what kind of economic hit General Motors Co expects from the coronavirus pandemic as it moves forward, whether it needs to raise further cash and when North American vehicle production will resume when it reports first-quarter results on Wednesday. https://reut.rs/2W963Xa
President Nicolas Maduro claims men were among 13 ‘terrorists’ involved in plot to enter country via the coast and oust him
Venezuelan authorities have detained two US citizens allegedly working with a US military veteran who has claimed responsibility for a failed armed incursion into the oil-producing country, President Nicolas Maduro said on Monday.
In a state television address, Maduro said authorities arrested 13 “terrorists” on Monday allegedly involved in a plot he said was coordinated with Washington to enter the South American country via the Caribbean coast and oust him. Continue reading... https://bit.ly/2zeUTHm