Recent trends in gasoline prices
This brief note analyzes the changes in the price of gasoline during the first 13 weeks of 2020 and compares them with the changes during the first 13 weeks of Continue Reading
Trump aims to ease U.S. oil industry’s cash crunch, no plan to trim output: sources
U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting Continue Reading
U.S. Energy Chief Tells Industry He Sees Oil Deal Within Days
Energy Secretary Dan Brouillette told oil industry representatives Friday that he expected a Saudi-Russia deal on crude production cuts within days. Brouillette’s comments came during a conference call with a broad Continue Reading
A bleak US jobs report likely portends even deeper losses
A grim snapshot of the U.S. job market’s sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak Continue Reading
Trump meeting with US oil executives ends without public commitment to cuts
A highly-anticipated meeting between US President Donald Trump and the country’s oil executives Friday ended without a new policy announcement or commitment toward domestic output cuts. Receive daily email alerts, Continue Reading
US Jobs Report Mar. 2020: Payrolls Fall 701,000 on Coronavirus
U.S. employment plummeted last month by a degree not seen since the last recession, in just an early glimpse of the devastation from the coronavirus pandemic. Payrolls fell 701,000 from the Continue Reading
Putin says oil supply cuts possible if all major producers take part
Vladimir Putin said a cut to global oil production of about 10m barrels a day is possible, but only if all major crude producers including the US join in the Continue Reading
Putin Says Russia Is Willing to Join Oil Production Cuts: Live Updates
Putin urges the United States to participate in oil output cuts. The United States should join with Russia and the Organization of the Petroleum Exporting Countries in cutting crude oil Continue Reading
Has Russia Reached Its Limit In The Oil Price War?
When Vladimir Putin was given a dire forecast of the economy under the cloud of a crippling coronavirus pandemic and a sharp fall in global demand for petroleum, the Russian Continue Reading
UK electricity demand down up to 19% since lockdown: Elexon
UK electricity demand has fallen between 15% and 19% since the coronavirus lockdown March 23, electricity balancing and settlement code manager Elexon said Friday. Receive daily email alerts, subscriber notes Continue Reading