U.S. Oil Prices Plunge To Below $0 For First Time
U.S. crude oil plunged to a historic low of below $0 on Monday. Desperate traders paid to get rid of that fossil fuel amid a coronavirus-induced lack of global demand.
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Hungary Defends “Orwellian Law” Amid Criticism
Hungary has condemned global media watchdog Reporters Without Borders (RSF) for saying that an ‘Orwellian law’ has imposed an ‘information police state’ in the country. RSF urged two United Nations rapporteurs to condemn the governments of Hungary and …
UN predicts worsening locust plague in Africa and the Middle East
A second wave of desert locusts, projected to be 20 times the size of earlier swarms that the UN has called “unprecedented,” is expected to arrive in Africa and the Middle East over the summer.
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OPEC and allies finalize record oil production cut after days of discussion
OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day, following multiple days of discussions and back-and-forth between the world’s largest energy producers. The cut is the single l…
Saudi Arabia and Russia reach deal to end oil price war after pressure from Trump
Saudi Arabia and Russia ended their price war and are poised to deliver the oil production cut President Trump has been demanding in order to raise historically low prices that have damaged the U.S. shale industry.
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Locust swarms in Africa, Middle East rapidly increasing because of flight closures, spike in pesticide prices
Efforts to combat the spread of locust swarms in East Africa are facing serious challenges as a result of border closures, flight shutdowns, and increased shipping prices, with the current swarms expected to grow 500 times by June.
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