United Airlines ( UAL.O ) said on Wednesday it was preparing to send notices of potential furloughs to 36,000 U.S.-based frontline employees, or about 45% of staff, as travel demand Continue Reading
Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic. In separate appearances, Continue Reading
U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on Continue Reading
Here at 12,000 feet on the Continental Divide, only vestiges of the winter snowpack remain, scattered white patches that have yet to melt and feed the upper Colorado River, 50 Continue Reading
In the late 2000s, Big Oil led by Royal Dutch Shell (NYSE: RDS.A), BP Plc. (NYSE: BP), ExxonMobil (NYSE: XOM), and Chevron (NYSE: CVX) hyped algae biofuel as the fuel Continue Reading
Encouraged by higher oil prices, Canadian oil companies are bringing back some of the crude oil production they had curtailed, the top executives of some of the largest firms said Continue Reading
Shell is considering selling its 240,000-barrels-per-day refinery in Convent, Louisiana, as part of a broader strategy to reshape its refining portfolio, the supermajor’s spokesman Curtis Smith told Reuters . Sources Continue Reading
The number of oil and gas drilling permits in Texas fell by a third in June from a year earlier, the state’s oil and gas regulator body said on Tuesday. Continue Reading
A steep decline in US oil exports and a flood of imports pushed crude inventories higher last week, even as refinery inputs and refined product demand edged higher, US Energy Continue Reading
The U.S. OFS job count fell 12.3 percent from February to June of this year, based on BLS data. The tally of oilfield services and equipment (OFS) sector job losses Continue Reading
