WUHAN, China—Chinese doctors who have for months treated patients on the front lines of China’s fight against the new coronavirus offered a sobering assessment of the potential treatments, saying they Continue Reading
Alaska North Slope crude values dropped sharply, reaching fresh lows this week as trading for June cargoes started. Alaskan North Slope crude for June delivery to the US West Coast Continue Reading
The next step for some U.S. refineries that have already cut way back may be a full stop. Marathon Petroleum Corp. plans to idle its Gallup, New Mexico, refinery next week, Continue Reading
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a Continue Reading
The Trump administration is pushing to reopen much of the country next month, raising concerns among health experts and economists of a possible covid-19 resurgence if Americans return to their Continue Reading
More than 17 million Americans have filed for unemployment benefits in the past four weeks, a rapid and unprecedented deterioration in the U.S. economy that the nation has decided is Continue Reading
Among the world’s biggest oil producers, state-run giants in China and Russia don’t need a bailout in the traditional sense. Oil industry giants in the United States aren’t likely to Continue Reading
UK-based oil exploration firm Pantheon Resources believes it has a huge 1.8-billion-barrel oil discovery in Alaska after evaluating an old exploration well with modern technology, the company’s top executives told Continue Reading
Limited storage for refined products has forced BP to cut the refinery rates at its three largest refineries in the United States to 80-85 percent as fuel demand is crumbling Continue Reading
Occidental Petroleum is opposing a Texas-wide mandated production cut, but it is asking the U.S. Administration for federal financial assistance for the U.S. oil industry which can’t make any money Continue Reading
