Weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened, buttressing views the labor market could take Continue Reading
The cost of U.S. solar power is dropping faster than expected as the coronavirus stifles demand, according to a report from Wood Mackenzie. Residential-system prices will fall 17% over the next five Continue Reading
CDC Director Robert R. Redfield says the coronavirus has ‘brought this nation to its knees’ as the U.S. sees a surge in cases; luxury stores on Fifth Avenue reopen; a Continue Reading
In California, where new cases reached new highs Tuesday, workers for Walt Disney Co. DIS -3.88% pressed the company to delay the planned July reopening for its theme parks in Continue Reading
The COVID-19 crisis has hit the U.S. shale patch hard Some producers think it will take years to recover while others think they may never recover Many oil producers are Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia June 24 as the market awaits fresh drivers. At 09:43 am Singapore time (0143 GMT), ICE Brent August crude futures Continue Reading
l slipped from a three-month high before a U.S. government report expected to show another increase in inventories, signaling the market still has its work cut out to clear a Continue Reading
Oil futures were mixed on Wednesday as concerns about oversupply in the market, stoked by an rise in U.S. crude inventories, were offset by a drop in gasoline stocks that Continue Reading
Both crude oil and overall fossil fuel demand may have permanently peaked in 2019 if a slower economic recovery from the coronavirus pandemic becomes reality, hastening the arrival of peak Continue Reading
Iran would be open to talks with the United States if Washington apologises for exiting a 2015 nuclear deal and compensates Tehran, Iranian President Hassan Rouhani said on Wednesday, cautioning Continue Reading
