Tag: Day

OPEC and oil nations agree to cut nearly 10M barrels per day

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.

The cartel and other nations agreed to allow Mexico to cut only 100,000 barrels a month, a sticking point for an accord initially reached Friday after a marathon video conference between 23 nations. They reached the deal just hours before Asian markets reopen Monday as international benchmark Brent crude traded at just over $31 a

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Indy 500 delayed by coronavirus from Memorial Day weekend to August

The Indianapolis 500 was postponed Thursday until finally August because of the coronavirus pandemic and won’t operate on Memorial Working day weekend for the very first time considering that 1946.

The race will instead be held Aug. 23, three months later than its May perhaps 24 scheduled date.

“The month of May perhaps at the Indianapolis Motor Speedway is my favourite time of 12 months, and like our enthusiasts, I am let down that we have experienced to reschedule the Indianapolis 500,” mentioned motorsports large Roger Penske, who finalized his obtain of IndyCar and Indianapolis Motor Speedway before this 12

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