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The American President, Donald Trump, announced this Tuesday (28) that he has asked his cabinet to outline an emergency plan to assist the oil and gas sector, which has been experiencing constant declines due to the crisis generated by Covid-19.
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Steven Mnuchin, in an interview with Fox News, says that the measure is an option that the White House “is closely studying” along with the Secretary of Energy and rejected “a financial bailout that benefits shareholders.”
The lockdown measures to combat the virus are still in effect in various countries around the world, causing both transportation and factories to be interrupted, as well as a drastic decline in energy demand.
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At 14 years old, she worked in a factory in Hong Kong, studied economics abroad, and then entered the Chinese real estate market, which helped change the landscape of Beijing.
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While NATO secured more than $10 billion in missiles and space surveillance at a single forum, Brazil still spends 1.1% of its GDP on defense and is stalling its own anti-aircraft system.
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Corn ethanol attracts R$ 23 billion in 21 new plants and prepares for a nearly 50% jump in Brazilian production by 2027, even with high interest rates.
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A newly opened terminal in the middle of the Amazon has begun transporting soy and corn through Amapá, eyeing the queue of ships that is congesting the ports in the South.
This Monday, the American oil market experienced strong turmoil, with a lack of storage space for the commodity, the June contract for American light crude dropped to a negative value of US$ 37.63 per barrel, in a situation never seen before in this market. Meanwhile, Brent crude fell to its lowest value in two decades.
One of the options that was questioned in a briefing at the White House and is being studied by the American Treasury Secretary is for the U.S. government to become part of the energy sector companies in exchange for the financial assistance that would be granted.
