Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid 16%, Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Monday as focus remained on oversupply concerns, with recent supply cuts widely considered unlikely to balance the unprecedented demand destruction Continue Reading
Stocks continue to rise despite an unprecedented freeze in global economic activity and an oil-price crash, a divergence that makes some investors skeptical the gains can continue. The S&P 500 Continue Reading
U.S. freight railroads are hunkering down to wait for better days, whenever those come. CSX Corp. and Union Pacific Corp. have taken hundreds of locomotives offline in recent weeks, reduced Continue Reading
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the Continue Reading
Richie Merzian is still thinking about oil a lot in his professional capacity, but these days he’s using much less of it. The Australian energy and climate change researcher used to Continue Reading
The new coronavirus is shaping up to be an enormous stress test for globalization. As critical supply chains break down, and nations hoard medical supplies and rush to limit travel, Continue Reading
The magnitude of how damaged the energy industry is coming into full view on April 20 when the benchmark price of U.S. oil futures CLc1, which had never dropped below Continue Reading
The oil majors are facing a financial vice like they never have before. With oil prices hovering around $20 per barrel and no end in sight for the global pandemic, Continue Reading
When the timeline of the pandemic of 2020 is complete, March 24 will stand out as a day to remember for everyone from sports fans to anthropologists to cola drinkers. Japan Continue Reading
