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December 11, 2019
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Reuters - Business

General Motors pulls out of Russian car assembly business with Avtovaz deal

Reuters
FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook/File Photo MOSCOW (Reuters) – Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors (GM.N) from their joint venture...
Reuters - Business

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

Reuters
VIENNA (Reuters) – Saudi Arabia spearheaded a deal on Friday that will see the OPEC+ group of oil producers commit to some of the sector’s deepest output cuts in a decade aiming to avert oversupply and support prices. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits...
Reuters - Business

What deeper OPEC+ oil output cuts mean for the market

Reuters
(Reuters) – Saudi Arabia and Russia led a deal on Friday in which OPEC and its allies committed to deeper oil output cuts in the first quarter of 2020 aiming to avert oversupply and support prices. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its...
Reuters - Business

Saudi, Russia look to seal deeper output cuts with oil producers

Reuters
(Reuters) – Top oil producers Saudi Arabia and Russia will seek approval for deeper output cuts from OPEC and allies on Friday in an attempt to support prices and head off a new glut building in 2020. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside...
Reuters - Business

OPEC gearing up for deeper oil cuts, Russia yet to agree

Reuters
VIENNA (Reuters) – OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year. FILE PHOTO: The logo of the Organization of...
Reuters - Business

OPEC, Russia debate deeper oil cuts as new glut looms

Reuters
MOSCOW/VIENNA (Reuters) – Russia expects a constructive meeting with OPEC producers this week, its energy minister said on Tuesday, as OPEC leader Saudi Arabia presses members and allies such as Russia to deepen output cuts to avoid a new glut next year. FILE PHOTO: Saudi Energy Minister Abdulaziz Bin Salman...
Reuters - Business

Siberian taxi firm bringing fare-haggling to Moscow plans expansion

Reuters
FILE PHOTO: People hail taxis near the exit of Park Kultury metro station during a train service disruption in Moscow March 29, 2010. REUTERS/Denis Sinyakov/File Photo MOSCOW (Reuters) – A Siberian ride-hailing firm that allows customers to haggle over their fares is investing to beef up its presence in Moscow,...

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