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US Oil Industry Is Already Suffering From the Coronavirus HOUSTON — At a time when they are already cutting jobs and weighed down by debt, American oil producers are bracing for the latest shock to hit world energy markets: the economic effects of the coronavirus outbreak on China and beyond. Oil and natural ...
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Exclusive: As virus fallout widens, China readies more measures to stabilize economy - sources BEIJING (Reuters) - Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said. FILE PHOTO: Security personnel wearing ...
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OPEC, Allies Weigh Deeper Oil Production Cuts to Counter Coronavirus's Impact OPEC and its allies are debating more aggressive oil output cuts than previously considered after reviewing new data Tuesday that showed the coronavirus's deepening impact on global oil demand, officials at the cartel said. Delegates from the so-called ...
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Oil gains more than 1% on hopes for output cuts to counter China virus impact SINGAPORE (Reuters) - Oil prices climbed more than 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China's fast-spreading ...
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Tesla's Epic Rally Echoes Past Oil, Bitcoin Bubbles Tesla TSLA 13.73% Inc.'s shares rose 14% Tuesday to $887.06. They have surged 56% in the past week and have nearly quadrupled since early October. Created with Highstock 6.1.1 Qualcomm share price Source: FactSet. Created with Highstock 6.1.1 ...
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Nomagic, a startup out of Poland, picks up $8.6M for its pick-and-place warehouse robots Factories and warehouses have been two of the biggest markets for robots in the last several years, with machines taking on mundane, if limited, processes to speed up work and free up humans to do other, more complex tasks. Now, a startup out of Poland ...
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Enbridge Line 3 oil pipeline clears hurdles with Minnesota regulator WINNIPEG, Manitoba (Reuters) - Enbridge Inc's Line 3 pipeline replacement cleared important hurdles on Monday when a Minnesota regulator endorsed a revised environmental impact statement for the project. The Enbridge Tower is pictured on Jasper ...
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Goldman Executive Exits After He Is Barred From Banking Over 1MDB Scandal WASHINGTON—A senior Goldman Sachs Group Inc. GS 1.24% executive left the firm after the Federal Reserve punished him for his role in a Malaysian corruption scandal that has tarnished Goldman's reputation. The Fed on Tuesday said it had permanently ...
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PG&E Wins Court Approval on Bankruptcy Pact with Bondholders PG&E Corp. won court approval of a settlement with bondholders that had threatened to derail its bankruptcy strategy. The ruling Tuesday from Judge Dennis Montali keeps the California utility on course to exit bankruptcy by the end of June, in time to qualify ...
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Coronavirus Shuts Macau, the World's Gambling Capital HONG KONG — It's like closing the Las Vegas Strip, six times over. Officials in the Chinese city of Macau on Tuesday asked its 41 casinos to close for half a month as they rush to stop the coronavirus outbreak afflicting China and the region. The move will shut ...
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