DUBAI, United Arab Emirates — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.
KUCHING: Sarawak has decided to compliment the Malaysian Rubber Board (LGM) in its Rubber Production Incentive to rubber smallholders for better selling prices.
KUALA LUMPUR (April 13): Rubber glove manufacturers were among the top gainers on Bursa Malaysia this morning, with shares in Top Glove Corp Bhd and Hartalega Holdings Bhd reaching their respective all-time highs as demand for rubber gloves continues to advance worldwide amid the Covid-19 pandemic.
TOKYO (Reuters) - Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil producing nations failed to offset broader concerns about slumping global demand.
Stocks in Asia traded lower Monday morning as the Organization of the Petroleum Exporting Countries and its allies reached an agreement on a record oil production cut.
BAKU/DUBAI/LONDON: OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%.