As U.S. cases of coronavirus spiked on Sunday, Ohio and Louisiana became the latest states to announce broad lockdowns to slow the spread of the virus with nearly one in Continue Reading
The U.S. is entering a recession. The ultimate fear is that could turn into a protracted malaise that has some flavor of a depression. That’s far from the base case, with Continue Reading
Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an Continue Reading
Just weeks ago, Occidental Petroleum Corp. Chief Executive Vicki Hollub sought to reassure investors that her bold bet on U.S. shale oil—a $38 billion deal for rival Anadarko Petroleum Corp.—hadn’t Continue Reading
The U.S. shale industry is burning through cash so fast that even the state of Texas is looking at government rationed production targets. Texas Railroad Commissioner Ryan Sitton laid out Continue Reading
Nearly one in three Americans was under orders on Sunday to stay home to slow the spread of the coronavirus pandemic as Ohio, Louisiana and Delaware became the latest states Continue Reading
The U.S. is entering a recession. The ultimate fear is that could turn into a protracted malaise that has some flavor of a depression. That’s far from the base case, with Continue Reading
The oil price collapse is a bad omen for much worse things to follow. The global contagion is impacting the U.S. economy and the domestic oil industry far greater than Continue Reading
Greece announced a lockdown on Sunday, restricting movement from Monday morning with only a few exceptions, to combat the spread of coronavirus. “It is maybe the last step, one that Continue Reading
Russia’s Energy Minister Alexander Novak will meet executives from the nation’s key oil companies Monday as global crude prices hover at their lowest in nearly two decades, according to a Continue Reading
