April 21, 2020

CPC oil producers eye boost to flows via Russia from May

Kazakh oil producers, which export crude via the Caspian pipeline consortium (CPC), are seeking to divert flows to Russia’s Transneft from May in an attempt to […]
April 21, 2020

Trump calls for U.S. oil industry bailout as prices plunge

U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to […]
April 21, 2020

Wall Street falls as U.S. crude crash adds to pandemic woes

Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the biggest […]
April 21, 2020

Explainer: What is a negative crude future and does it mean anything for consumers?

The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of […]
April 21, 2020

Lockheed Martin trims sales outlook as coronavirus hits supply chain

Lockheed Martin said on Tuesday the spread of coronavirus has delayed shipments of vital supplies to its numerous businesses and will likely hurt its sales this […]
April 21, 2020

JPMorgan Chase developing plan to return employees to work in phases: memo

JPMorgan Chase & Co , the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees currently working from […]
April 21, 2020

Amazon extends closure of French warehouses until April 25: statement

Amazon is extending the closure of its French warehouses until April 25 included, the online retail giant said in a written statement on Tuesday. Powered by […]
April 21, 2020

We can make more ventilators if government ups order, says UK business consortium

A group of firms, including Airbus and Ford, could build more than the current government order of 20,000 ventilators and continue once normal operations begin to […]
April 21, 2020

Wall Street falls as U.S. crude collapse compounds pandemic woes

Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the […]
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