March 24, 2020

Refiner Phillips 66 cuts spending forecast by 18%, commits to dividend

Refiner Phillips 66 on Tuesday cut its 2020 spending forecast by about 18% and assured investors their dividend was secure even as the coronavirus outbreak and […]
March 24, 2020

U.S. holding slew of new drilling lease sales despite oil market slump

The Trump administration is moving ahead with oil and gas lease sales in four Western states beginning on Tuesday, bucking criticism from taxpayer advocates who say […]
March 24, 2020

Chevron cuts 2020 spending, Permian production forecasts by 20%

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of […]
March 24, 2020

Unilever to protect workers from sudden pay drop for up to three months

Consumer goods giant Unilever Plc said on Tuesday it would shield its workforce for up to three months from sudden drop in pay, resulting from market […]
March 24, 2020

Parking pain: Airlines, airports hunt for storage space as pandemic idles planes

As airlines idle thousands of aircraft for which there are no passengers, they are hitting an unprecedented problem: finding a place to park them. Powered by […]
March 24, 2020

UK manufacturers’ most pessimistic since financial crisis: CBI

British manufacturers are the most pessimistic about the outlook than they have been at any time since the global financial crisis more than a decade ago […]
March 24, 2020

U.S. industries scramble for exemptions as state shutdown orders grow

As several more U.S. states moved to impose stay-at-home orders to limit the spread of the coronavirus, industries from steelmakers to auto dealerships were scrambling for […]
March 24, 2020

Latin America’s oil producers sweat to cover costs as price war takes toll

A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting the chances of output cuts […]
March 24, 2020

Dollar falls for a second day on Fed stimulus

The dollar slipped for a second consecutive day on Tuesday after the U.S. Federal Reserve unveiled fresh measures to supply precious liquidity into funding markets, sending […]
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