Economists at Bank of America Merrill Lynch have substantially lowered their 2020 economic growth forecast for Latin America, citing the hit to activity from the global coronavirus outbreak and the region’s exposure to lower oil prices.

• March 11, 2020

Saudi Arabia and other OPEC members struggled on Wednesday to win support from Russia to join them in additional oil output cuts in a bid to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak.

• March 4, 2020

Crude oil prices were mixed, giving up early gains despite expectations that major producers were closing in on an agreement to cut supply aimed at offsetting a slump in demand caused by the coronavirus outbreak.

• March 4, 2020

OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found.

• February 24, 2020

The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine.

• February 24, 2020

Belarus is looking for alternatives to Russian oil and is in talks with the United States, Saudi Arabia and the United Arab Emirates about supplies, President Alexander Lukashenko said on Friday, the Belta news agency reported.

• January 24, 2020

Belarus and Russia have agreed on an approach and method to compensation over tainted oil in the Druzhba pipeline, the RIA news agency said on Monday, citing the Belarusian government.

• January 24, 2020

Gazprom Neft, Russia’s third largest oil producer, believes Moscow’s cooperation with OPEC on output will continue into the long term, Deputy Chief Executive Vadim Yakovlev told reporters on Friday.

• January 22, 2020