Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, including Saudi Arabia, which Continue Reading
Venezuela’s fuel shortages are causing growing complications for the production and delivery of food to a crisis-stricken nation that is in quarantine to stop the spread of the coronavirus, according Continue Reading
The acute fuel shortage in Venezuela is impeding distribution of limited food and aid needed to tackle the spreading coronavirus. Venezuela’s national oil company PDVSA is continuing to supply its Continue Reading
China, where the coronavirus outbreak first erupted in December, logged fewer new infections on Thursday, but measures restricting movement across the country have tightened in some places due to fear Continue Reading
The cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel — almost half of what the American benchmark crude is currently valued at — Continue Reading
All across America, store shelves are emptying and people are becoming increasingly frustrated because they can’t get their hands on needed supplies. Most Americans are blaming “hoarders” for the current Continue Reading
The key S&P 500 index was down more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus and heightened nerves over the upcoming Continue Reading
Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil prices that are expected to bite Continue Reading
The cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel — almost half of what the American benchmark crude is currently valued at — Continue Reading
The last major oil-sands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic. Teck Resources Ltd., one of Continue Reading
