Bloomberg The Kremlin put on a brave face as prices for Russia’s benchmark crude closed in on levels last seen in a devastating 1998 financial crisis. “The pandemonium with futures is absolutely speculative, just a trading issue,” Kremlin spokesman Dmitry Peskov told reporters on Tuesday, referring to negative prices on some US futures contracts. “There’s no need to give this …

Dubai / Emirates Business Emirates is stepping up precautionary measures at the airport and on board to ensure the health and safety of its employees and customers. All cabin crew, boarding agents and ground staff in direct contact with passengers will now don personal protective equipment (PPE) which includes a protective disposable gown over their uniforms, and a safety visor, …

Bloomberg Indonesia is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as gasoline and diesel. State-owned PT Pertamina has provisionally chartered at least three long-range tankers to store clean fuels, said people with knowledge of the matter. The move comes as Indonesia, one of Asia’s biggest refined …