Oil Posts Worst Quarter Ever as Physical Market Cratered
Posted on Tuesday March 31, 2020

Oil posted the worst quarter on record after the coronavirus crushed demand and raised fears about overflowing storage tanks.

Some Refiners Benefiting From Crude-Price Drop
Posted on Tuesday March 31, 2020

America's biggest fuel makers are taking advantage of low oil prices to capture profits while slowing fuel production.

US LNG Giant Signaling It May Curb Production
Posted on Tuesday March 31, 2020

Cheniere Energy has tendered to buy six shipments for delivery to Europe later this year, rare for a company that's a seller of the fuel.

Saudis Make Good on Oil Wave Promise
Posted on Tuesday March 31, 2020

The first wave of crude oil is already on its way toward Europe and the US.

Putin, Trump Agree Sinking Oil Prices Not In Mutual Interest
Posted on Tuesday March 31, 2020

Vladimir Putin and Donald Trump agreed in a phone call Monday that "current oil prices aren't in the interests of our countries."

Ineos Producing Sanitizer to Help Combat Virus
Posted on Tuesday March 31, 2020

Ineos revealed Tuesday that it has started producing one million hand sanitizers per month to help combat the coronavirus outbreak.

BP Issues AGM Warning
Posted on Tuesday March 31, 2020

BP has outlined that it may not be possible to conduct its annual general meeting as usual this year due to the Covid-19 pandemic.

Neptune Prepared for Prices to be Lower for Longer
Posted on Tuesday March 31, 2020

Neptune Energy is prepared for prices to be lower for longer, its executive chairman and founder Sam Laidlaw has revealed.

Oil CEOs Back Plan to Cut Texas Output
Posted on Tuesday March 31, 2020

Two of the biggest drillers in America's largest oil-producing state have asked Texas regulators to consider a cut to crude output after a historic price crash.

Oil Set for Worst Ever Quarter
Posted on Tuesday March 31, 2020

Oil clawed back some losses as signs of a recovery in the Chinese economy bolstered hopes for a rebound in demand though prices are still headed for the worst quarter on record.

WSJ.com: US Business

Xerox Is Ending Hostile Takeover Bid for HP
Xerox is pulling the plug on its hostile bid to buy larger rival HP after the coronavirus pandemic undermined the copier maker?s ability to pull off the debt-laden merger.

Workers Return to China's Factories, but Coronavirus Hurts Global Demand
Chinese factory activity expanded in March, following sharp contractions in January and February, but sluggish demand, dampened hopes for a speedy recovery.

Apple Commits to Paying Contractors
The tech giant said it plans to pay its hourly contract workers after some janitors at their Silicon Valley campus were told their jobs were being suspended without pay.

Airlines Seeking Federal Aid Can't Share Flights
Initial rules governing airlines? access to federal aid require carriers to maintain certain levels of service and won?t allow any coordination that would violate antitrust strictures.

Amazon Struggles to Find Its Coronavirus Footing. 'It's a Time of Great Stress.'
The tech giant is dealing with mass absences and a restive workforce as it labors to keep up with a surge in demand. ?This isn?t business as usual,? said Jeff Bezos.

Fed Launches New Lending Facility for Foreign Central Banks
The central bank launched its latest lending program to alleviate market strains by allowing foreign central banks to convert their holdings of Treasurys into dollars.

Trump Calls for New $2 Trillion Infrastructure Bill
President Trump called for infrastructure investment to be a part of a fourth congressional coronavirus relief package, citing low interest rates.