Kirill Dmitriev, one of Russia's top oil negotiators who also heads the sovereign wealth fund, says a deal is imminent, a month after oil prices tumbled due to the coronavirus pandemic and a price war between Russia and Saudi Arabia.
The continent's economy could shrink up to 1.1 percent this year, trade could fall 35 percent from 2019 levels, and oil producers, tourist destinations will be hit hard, a study by African Union says.
The pipeline is operated by the Yemeni government-owned Safer oil company but no oil has been pumped through it for years.
Face masks of different types have been in demand ever since the coronavirus outbreak became a global pandemic.
The price of crude spurted as much as 30 percent higher after President Donald Trump said he expects Russia and Saudi Arabia to back away from their price war,.
As Hajj pilgrimage is under risk of cancellation for this year due to the coronavirus pandemic, people ask: is it the first lockdown in history?
Stocks increased after figures from China showed signs of economic recovery, but quickly dropped again after a record breaking amount of coronavirus-related deaths was announced in Spain.
Advocacy groups including Human Rights Watch (HRW) and Amnesty warn that cramped accommodation and inadequate sanitation endanger migrant workers across the Gulf, who may not have access to healthcare.
The US Senate unanimously passed a $2-trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus pandemic, as well as providing billions of dollars to buy urgently needed medical equipment.
Financial markets around the world took another hammering on Monday as a rising tide of national coronavirus lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
The pandemic provides a chance for the US to reassess its financial warfare against Iran and generate some goodwill.
A fire that broke out in a suburb of Lagos has killed at least 15 people and injured several others. The cause of the explosion was not known.
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