While futures contracts for WTI (West Texas Intermediate) crude oil in the US expired in May, the price of the WTI-type oil fell by more than 300% this week, the value dropping to negative 37.63 by contract holders avoiding physical delivery of the oil. Oil prices have fallen below zero for the first time in history in an environment where ...
BY BEYHAN YILDIRIM / BERLIN Chinese tech companies like Huawei, the inventor of 5G technology which has distinguished itself by outcompeting Western companies, have helped the government to take advantage of smartphones, user databases and GPS systems in the fight against the coronavirus. Now, Germany is looking at the technology that China used in its fight against the virus to ...
The coronavirus will go down in history as the political, social and an economic problem which revealed the true nature of the relationship between various states and their citizens… it should be clear by now that this is far more than a simple epidemic or healthcare crisis. Humanity, which entered the 21st century with the 9/11 attacks, is on the ...
What the global economy needs is reasonable oil prices to help achieve higher growth, not an oil price war that may lead to recession. Saudi Arabia has started a war in the oil market on a world wide level. Some people think it is just about market share, but it is about much more than that. As oil revenues decline ...