Daily Oil & Gas and Wall Street Journal News
4/1/20 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.
Wall Street Journal
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. 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. The Coronavirus Challenges Facing U.S. Farms: Get Workers, Keep Them Healthy Farms and orchards across the country are scrambling to ensure a steady supply of workers?and keep them healthy?as the coronavirus pandemic highlights a critical vulnerability in America?s food chain: labor. 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.