On Friday, OPEC and its allied oil producing countries revealed that they are planning an unprecedented 10% global crude oil production cut.
On Saturday, the Foreign Minister of Saudi Arabia denied Vladimir Putin's statement about Saudi withdrawal from OPEC+ deal.
On Friday, major US airlines applied for US Treasury payroll grants that should keep workers employed, as some experts warned that the funds would not be enough.
On Friday, the President of the World Bank Group David Malpass stated that due to the COVID-19 pandemic the world should expect a major global recession.
On Saturday, the World Bank and the International Monetary Fund began to provide emergency funds for low-income and developing countries.
Commissioner Allison Lee of the US Securities and Exchange Commission on Friday requested a delay in upcoming SEC rule changes.
On Friday, US antitrust law experts revealed to Reuters that it is legal for state regulators and federal governments to push up oil prices despite it being illegal for private entities.
On Friday, US government warned global airlines to issue refunds for tickets bought for cancelled flights.
On Saturday, a union of workers revealed that Exxon Mobil allegedly has been exploiting economic turmoil and used scare tactics in negotiations with employees.
Supervisors of US banking services announced on Friday that they would not penalize mortgage issuers in the case of missing deadlines set for communication with borrowers.
On Saturday, the President of the United Stated Donald Trump issued an order to stop the exports of N-95 face masks by basing the order on the Defense Production Act.
On Friday, Warren Buffet's Berkshire Hathaway Incorporated revealed that it had sold parts of its shares of Delta Air Lines and Southwest Airlines.
On Saturday, the President of Mexico Andres Manuel Lopez Obrador announced that the country has available $10 billion to fight the coronavirus.
On Friday US morning, US small and medium businesses started applying for the coronavirus bailout debt loans.
On Friday, General Motors Company stated that it would seek an extension of the maturity of the company's $6 billion debt.
On Friday, Norway's Foreign Minister Ine Eriksen Soereide called for more aid to help Palestinians to fight the coronavirus crisis.
On Friday, the Ukrainian government announced a series of new measures, designed to fight the spread of COVID-19 pandemic in the country.
Mike Hawes, the Chief Executive of the Society of Motor Manufacturers and Traders, said on Friday that UK's automobile industry needs support from the government immediately.
According to the state-run SPA report published on Friday, the king of Saudi Arabia Salman bin Abdulaziz has ordered about $2.4 billion to pay 60% of the salaries of private-sector workers.
On Friday, FedEx Corp announced that its board had approved a 91% cut in the Chief Executive Officer's base salary for six-month, starting from April 1 to September 30.
On Friday, 3M Co announced that it would produce more face masks and ramp up imports to the United States after the US President Donald Trump invoked the Defense Production Act.
Fatih Birol, the Executive Director of the International Energy Agency, said on Friday that deep OPEC+ output cuts would not be enough to stop daily crude oil inventories build in the Q2.
On Friday, Brent crude futures edged higher by 8.9%, or $2.67, at $33.37 per barrel at 11:34 GMT on hopes that OPEC and its allies are working on a supply cut deal.
On Friday, Norway's Foreign Minister Ine Eriksen Soereide called for more aid to help Palestinians to fight the coronavirus crisis.