Bloomberg Continental Resources Inc founder Harold Hamm told Texas oil regulators he expects neighbouring Oklahoma to adopt crude-production limits in a bid to bolster energy prices. Hamm’s comments came during a marathon hearing of the Texas Railroad Commission on whether to enact quotas amid the worst crude-market crash on record. Oklahoma, the fourth-largest US oil-producing state, plans to consider imposing ...

Bloomberg The International Monetary Fund (IMF) wants policy makers to avoid repeating the Depression-era mistake of ratcheting back budget deficits. Instead, it’s urging them to ramp up fiscal stimulus when the coronavirus contagion starts to abate. “Once the recovery has happened and we are past the pandemic phase, for advanced economies it would be essential to undertake a broad-based stimulus,” ...

Bloomberg Finland’s lockdown will cause gross domestic product (GDP) to shrink between 1.5% and 2.0% for each month that it is in place, the Finance Ministry said Thursday. The longer the restriction measures last, the slower the recovery will be, Mikko Spolander, director general of the Economics Department, told reporters in Helsinki. “The danger is that the longer the economy ...