The slow ramp up in production also could lead to tension with the Biden administration, which wants the producers to pump more oil in an effort to lower gasoline prices in the United States.
What Saudi Arabia decides to do is crucial.
From an oil industry perspective, Saudi Arabia, the leader of the Organization of the Petroleum Exporting Countries, has weathered the pandemic better than might have been expected.
A few producers, including Saudi Arabia and Iraq, are increasing output handily, but others in the 23-member group are lagging.
Even Russia, the group’s second-largest exporter after Saudi Arabia, appears to have hit a wall at about 9.9 million barrels a day, about 600,000 less than it pumped in April 2020 before the big cuts.
Nigeria, Africa’s largest producer, in November pumped 360,000 barrels a day below its quota — almost enough on its own to wipe out the agreed 400,000-barrel-a-day monthly increase for the overall group.
Ms. Holmes, 37, was the most prominent tech executive to field fraud accusations in a generation of high-flying, money-losing start-ups.
Each count carries a maximum sentence of 20 years in prison, terms that are likely to be served concurrently.
After the verdict was read, defense and prosecution lawyers discussed plans for Ms. Holmes’s sentencing, the status of her probation and the fate of the three hung charges.
If sentenced to prison, Ms. Holmes would be the most notable female executive to serve time since Martha Stewart did in 2004 after lying to investigators about a stock sale.
Credit Suisse announced in November that it would shutter most of its prime brokerage businesses, in which it acts as a large lender to trading firms including hedge funds like Archegos.
Protesters gathered outside China Evergrande offices in Guangzhou on Tuesday to demand that the indebted real estate developer give them their money back, as the company’s sales across China continued to plunge.
Verizon and AT&T said late Monday that they had agreed to delay their deployment of new wireless technology for two weeks, giving in to the demands of federal aviation regulators who have raised concerns that the signals could create an airline safety hazard.
Apple’s market value touched the $3 trillion level on Monday, making the tech giant the first publicly traded company ever to reach that milepost.
The recent cancellations were caused by storms that produced heavy snowfall in the Midwest over the weekend and over the eastern United States on Monday, the worst day of the holiday season with more than 3,000 canceled flights.