- President Donald Trump on Friday said he’s directed the U.S. Department of Energy to purchase crude oil for the Strategic Petroleum Reserve.
- The move was made in an effort to assist U.S. energy producers, which have been battered this week amid an oil price war between OPEC and Russia.
- “We’re going to fill [the strategic reserve] right up to the top, saving the American taxpayer billions and billions of dollars, helping our oil industry,” Trump said. Source CNBC
Sections of 24 blocks outlined in the Turkish Government Gazette on May 30 stemming from the contentious maritime borders agreement signed last November between Turkey and the Tripoli-based government in Libya come within or beyond 6 nautical miles of the coasts of eastern Crete, Kasos, Karpathos and Rhodes, and overlap the Greek continental shelf. Source Ekathimerini
French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out a slump in sales. Source France 24
More than 3 million Americans applied for unemployment benefits last week, raising to more than 42 million the number of workers who have lost jobs since the coronavirus crippled the economy. Source CBSNews
