Crude production by state-owned Venezuelan oil company PDVSA and its international partners almost halved during June to 280,000 b/d because of full storage capacity and the collapse in exports due Continue Reading
Vehicle sales advanced for a third straight month in China, signaling that an economic rebound is gathering pace as the coronavirus pandemic gradually abates in the country. Sales of passenger cars Continue Reading
The World Bank projects the recession in Latin America and the Caribbean will be the worst downturn since reliable data began in 1901, setting back progress on fighting inequality and Continue Reading
The coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year. The number of filings had already started to Continue Reading
The volume of floating crude cargoes in Chinese waters has hit a record high, dampening Chinese refiners’ buying interest in August-onward deliveries, refiners and analysts said July 2. Receive daily Continue Reading
The U.S. economy can escape another decade-long slog back to health if strong public measures or a vaccine curb virus surges, Federal Reserve Bank of San Francisco President Mary Daly Continue Reading
As the U.S. faces a blisteringly hot summer, millions of people already reeling from the coronavirus’s economic fallout are about to face sharp increases in electric bills that may drive Continue Reading
Jacksonville Beach restaurant owner Don Nicol explains how he is keeping his staff and customers safe from the coronavirus, while also complying with state occupancy regulations, as Florida reached new Continue Reading
Analysts and economists are paying close attention to monthly retail sales numbers as a way to gauge how the economy may be recovering from the impact of the coronavirus pandemic. Continue Reading
As the U.S. faces a blisteringly hot summer, millions of people already reeling from the coronavirus’s economic fallout are about to face sharp increases in electric bills that may drive Continue Reading
