Economists are lowering their estimates for second-quarter growth in the U.S. as the coronavirus crimps demand and spending, in some cases penciling in what would be the first contraction since Continue Reading
The America First presidency collided with a global pandemic Wednesday night. The result failed to reassure skittish markets or a nervous nation. President Donald Trump relied on a familiar playbook as Continue Reading
Travelers scrambled to rebook flights and global markets reeled on Thursday after U.S. President Donald Trump imposed sweeping restrictions on travel from Europe, hitting battered airlines and further straining ties Continue Reading
The world’s biggest oil producer will see a drop in output next year as a result of the dramatic collapse in prices that’s already forcing drillers to cut back on Continue Reading
Shale billionaire Harold Hamm wants to file a complaint with the US Department of Commerce against Saudi Arabia for “illegal” dumping of crude. (Bloomberg) — Shale billionaire Harold Hamm intends Continue Reading
This is my latest update on the recent changes in the number of registered vehicles in the United States. In the previous analysis , I examined the data from 1984 Continue Reading
US oil output to average 12.99 mil b/d in 2020, 12.66 mil b/d in 2021 WTI forecast cut to $38.19/b in 2020, $50.36/b in 2021 Brent forecast cut to $43.30/b Continue Reading
The US Energy Information Administration on Wednesday lowered its forecasts for Henry Hub spot natural gas prices forecasts for the first two quarters of 2020, but predicted prices will rise Continue Reading
US coal carloads were at a near four-year low 58,659 in the week ended March 7, the lowest total since 58,166 in the week ended April 9, 2016, the Association Continue Reading
The recent oil-price collapse led the US Energy Information Administration Wednesday to cut its forecast for global oil demand 50% from earlier this year, drop some oil price projections by Continue Reading
