Government officials and business leaders are turning their attention to a looming challenge in the fight against the new coronavirus pandemic: Reopening a $22 trillion U.S. economy that has been shut Continue Reading
The cutbacks are a sign of the varied impact coronavirus-driven restrictions are having on different parts of the U.S. economy. Supermarket chains and retailers with strong online operations are wrestling Continue Reading
“We haven’t seen anything like what we’re experiencing today.” ExxonMobil’s CEO Darren Woods said his company is expecting oil demand to decline by 20 to 30 percent because of the Continue Reading
As leaders around the globe compete with ever-bigger spending packages, the Kremlin is hoarding hundreds of billions of dollars in reserves, worried that oil prices will stay low for a Continue Reading
With the virtual OPEC+ meeting where Russia and Saudi Arabia were to discuss output cuts to end the oil price war delayed Monday, oil prices took a huge beating–but Russian Continue Reading
The number of coronavirus cases in Russia rose by more than 1,000 for the second day running, taking the total to 8,672, the crisis response centre said on Wednesday. The Continue Reading
The French economy shrank the most since World War II in the first quarter, and the outlook for the rest of the year is souring significantly amid the confinement to Continue Reading
Oil rose on Tuesday amid hope that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global Continue Reading
Oil resumed gains on signs that the world’s biggest producers are moving toward a deal to end their price war and cut output as the coronavirus eviscerates energy demand. Futures in Continue Reading
Oil recorded its first loss in three days on signals that a glut is growing at America’s biggest storage depot and concern that an upcoming meeting among producers won’t yield Continue Reading
