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Economic News

Mexico announces completion of OPEC+ commitments and increased production

July 10, 2020

Mexican President Andres Manuel Lopez Obrador said the country has fulfilled its part of the OPEC+ deal and intends to begin to increase oil production. Mexico has already reduced production by 100 thousand barrels per day.According to the agreement, Mexico reduced production by 9.7 million barrels per day from May to the end of June. In July, the contract was extended until the end of July. Since August, OPEC+ member countries are expected to reduce production by 7.7 million barrels for the per ...Read More

The number of applications for unemployment benefits in the US fell to 1.314 million, better than forecast

July 09, 2020

According to the US Department of Labor, the number of initial applications for unemployment benefits for the week ending July 4, fell from a revised...Read More

The EC approved the plans of Germany to allocate 500 billion euros to help companies

July 08, 2020

The European Commission has announced that it has approved a plan by Germany to create a fund of 500 billion euros to help companies affected by the...Read More

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