Bloomberg Oil was anchored near $20 a barrel as concerns over virus-led demand destruction outweighed an agreement by the world’s biggest producers to curb supply. US producer ConocoPhillips said it will cut output by 225,000 barrels a day in response to lower prices in Canada and the US Inventories from America to Europe and Singapore have all ballooned this week, ...

Bloomberg The European Central Bank (ECB) will do its bit to help the region’s economy cope with its worst crisis in decades, but more international cooperation is needed to overcome the pandemic, according to President Christine Lagarde. “The Governing Council is committed to doing everything necessary within its mandate to help the euro area through this crisis,” Lagarde told the ...

Abu Dhabi / WAM The net value of share investments by UAE citizens jumped to around AED2.4 billion at the end of the first half of April 2020, indicating the continuous flow of liquidity in the financial markets by this segment of investors. Studies on the behaviour of Emirati investors showed an increase in their net investments by 45.4 percent ...