Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels Continue Reading
The world’s crude oil supply is rising even as demand is cratering. Some parts of the economy are grappling with pandemic-driven shortages. The oil industry has the opposite problem: so Continue Reading
In China, the shutdowns to contain COVID-19 have stalled so many industries and kept so many vehicles off the road that the virus has indirectly saved lives by cutting down Continue Reading
American Airlines Group Inc. is launching its first scheduled cargo flight since 1984 on Friday, with two round-trip flights over four days between Dallas-Fort Worth International Airport and Frankfurt on Continue Reading
Initial tests of in-road charging for electric trucks on a stretch of Swedish road have been successful, according to project managers. The scope of testing will now increase, encompassing more Continue Reading
Tesla Inc said on Thursday it will suspend production at its San Francisco Bay Area vehicle factory on March 24, ending a standoff with California authorities concerned about the spread Continue Reading
Sydney-based consultancy CAPA Centre for Aviation warned in a statement on Monday morning that most of the world’s airlines will be bankrupt by the end of May. Airline carriers are suspending routes for Continue Reading
In just one month, the coronavirus outbreak blew out to a full-on pandemic, threatening to tip the global economy into recession and affecting every country, industry, and supply chain. Many Continue Reading
As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures imposed in France, Spain and Continue Reading
Major airlines sought a U.S. government bailout of more than $50 billion as the White House move urgently drafting a financial assistance package in the wake of the steep falloff Continue Reading
