OPEC Considers Oil Output Cut; Tesla Shuts Stores: Virus Update

(Bloomberg) — Beijing voiced anger as countries placed more restrictions on travelers from China to contain the coronavirus outbreak that has now claimed 565 lives. Technical experts from the OPEC+ group of oil producers recommended cutting output to offset the demand impact from the outbreak.China’s top LNG buyer declared force majeure on contracts and Tesla temporarily closed its stores in the nation. Equities rose on China’s plans to cut tariffs on U.S. imports and optimism the global economy can withstand the impact of the virus.Bloomberg is tracking the outbreak on the terminal and online.Key DevelopmentsChina death toll at 563; mainland …read more

Source:: Yahoo Finance

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