The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up. Decline in demand for oil due to the coronavirus epidemic, further reinforced by […]

West Texas Intermediate oil prices have gone negative in a record low for the US benchmark, as the market continues to crater amid the general economic collapse. Vanishing demand and a glut of supply have combined to heavily impact the US benchmark fuel, with prices dropping from $18.27 to close at -$37.63 a barrel on […]

In January 2020 members of the Iraqi parliament said the country was mulling the purchase of advanced Russian S-400 missile systems amid concerns that Washington might stop supporting Iraq and providing it with modern air defence armaments. The Parliamentary Security and Defence Committee of Iraq submitted a detailed study requesting the purchase of Russian long-range, […]

The novel coronavirus may have first passed to humans somewhere in southern China months before the outbreak in the city of Wuhan, a new study found, cutting against widely held theories about the origins of the pandemic. Mapping a “network” of coronavirus genomes and tracing mutations over time, a team of researchers led by a […]

Donald Trump’s claim that he received a positive letter from Kim Jong Un is false, Pyongyang has said, urging the US president to refrain from using his relations with the North Korean leader for “selfish purposes.” During his briefing on Saturday, Trump boasted that he had “recently” received a written message from Kim. “It was […]

“Having a child right now feels like a big luxury.” Facing an out-of-control disease, a grim economic climate and with some states banning abortions as non-essential, many women are rushing to terminate their pregnancies. “Having a child right now feels like a big luxury.” Facing an out-of-control disease, a grim economic climate and with some […]

Peru is being “cautious” in not disclosing the flight path of a plane loaded with Covid-19 testing kits, its disease response chief has said, with the US accused of “confiscating” supplies meant for other nations. Pilar Mazzetti, who leads Peru’s operational center for Covid-19 response, told Reuters that a plane carrying masks and 300,000 testing […]

An earlier ABC News report stated that US intelligence officials had warned the military and White House about the spread of a coronavirus outbreak in China as far back as late November 2019, with the Pentagon denying the “product/assessment” existed. US intelligence agencies warned Israel of the threat of a coronavirus outbreak in China as […]

As organizations like the IMF and the UN warn that this is the worst economic crisis since the Great Depression, the US central bank has once again decided to pump trillions of dollars into the economy. RT’s Boom Bust talks to the CEO of Transformity Research, Tobin Smith, who has been sounding the alarm lately, […]

Fresh market data shows that Brent as well as WTI prices briefly rebounded by 1-3 percent in the hours after the OPEC+ talks on Sunday, but then showed a downward trend, which a top Wall Street bank says is likely to continue in the coming weeks. Goldman Sachs has forecast that oil prices will continue […]

After days of intense negotiations and video conferences OPEC+ and G20 have sealed a deal aimed at tackling the oil market imbalance. Economic analysts have explained how the newly introduced cuts will affect the market in the short- and medium-term. On Sunday, Russia, Saudi Arabia, and the US struck a deal with the world’s petroleum […]

Russian Helicopters and their Mexican partner – the Craft Avia Center announced plans to form a partnership to market the Ansat multi-purpose helicopter in Mexico several years back, with the Mexican side opening a service center earlier this year. The global economic slowdown and coronavirus pandemic has not held Mexico back from taking delivery of […]

Wearing face masks will become a “revolutionary” new norm of life the world needs to get accustomed to, just like it did when learning of cholera in the 19th century and of HIV in the 20th, a WHO coronavirus expert predicted. “Some form of facial protection, I’m sure, is going to become the norm,” not […]

The coronavirus epidemic had scarcely arrived on US shores when the Trump administration declared “war” on it, in the grand tradition of the ‘War on Cancer’ or the ‘War on Drugs’. But these invisible wars don’t end well. President Donald Trump declared war on the “invisible enemy” – Covid-19 – last month, pivoting on a […]

Having bragged repeatedly of America’s energy independence, President Trump must confront the harsh realities of a global oil market no longer able to sustain inefficient US oil producers as he prepares to negotiate with the G20. The global economy struggles to adapt to the one-two punch of reduced oil demand brought on by the coronavirus […]