A Second Round of Coronavirus Layoffs Has Begun. Few Are Safe.
A second wave of job loss is hitting those who thought they were safe. Businesses that set up employees to work from home are laying them off as sales plummet. Continue Reading
U.S. Joining Global Push Allowing Cargo Shipments in Passenger Jet Cabins
The new guidance is slated to be issued in the coming days, they said, and is expected to resemble earlier moves by carriers and foreign aviation authorities from Canada to Continue Reading
U.S. Refineries In Jeopardy As Gasoline Consumption Plunges
Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is anything but: gasoline may indeed Continue Reading
U.S. May Help Oil Producers By Offering Storage Space In SPR
The U.S. Department of Energy is negotiating contracts with nine U.S. oil producers to store a total of 23 million barrels of their produced oil in the Strategic Petroleum Reserve Continue Reading
US gas inventories to rise at above-average rate amid demand destruction: analysts
Analysts expect a US natural gas storage injection nearly three times larger than the five-year average as warmer temperatures combine with demand destruction due to the ongoing coronavirus epidemic. Receive Continue Reading
Texas oil regulator weighs 20% production cuts against ‘free market’ opposition
Texas energy regulators began debating Tuesday whether the state should impose 20% crude oil output cuts on producers to help stabilize prices amid the global coronavirus pandemic. The issue is Continue Reading
Trump to Lease Oil Storage to Nine Companies
The US Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its SPR. (Bloomberg) — The U.S. Energy Department is negotiating Continue Reading
Texas Railroad Commissioner Talks Proration
Any argument that the Texas Railroad Commission (RRC) should not even consider proration is simply misinformed. That’s what RRC commissioner Ryan Sitton believes, according to a statement posted on the Continue Reading
Trump says close to plan to reopen economy possibly, in part, before May 1
President Donald Trump said on Tuesday he is close to completing a plan to end the coronavirus shutdown and reopen the battered U.S. economy with some parts of the country Continue Reading
U.S. may need to extend social distancing for virus until 2022, study says
(Reuters) – The United States may need to endure social distancing measures adopted during the coronavirus outbreak until 2022, according to researchers at the Harvard School of Public Health. The Continue Reading