Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble.
Tag: Prices (Fares, Fees and Rates)
Help! The Coronavirus Struck and I Want a Refund
In this week’s column, Sarah Firshein investigates the ever-changing refund policies offered by travel companies.
OPEC and Russia Agree to Cut Oil Production
The reductions for May and June were smaller than some investors and analysts had expected, and oil prices gave up earlier gains.
Oil Companies on Tumbling Prices: ‘Disastrous, Devastating’
The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to their lowest level in a generation.
The World Is Running Out of Places to Store Its Oil
A chaotic mismatch between the supply and demand for oil is saturating the world’s ability to store it all.
Saudi Oil Price Cut Is a Market Shock With Wide Tremors
Oil producers in the United States and other nations brace for lower revenue, reduced investment and job losses as a global glut is compounded.
How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy
Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.
Florida Lobster Got a Break on China Tariffs. Then Came Coronavirus.
China, the biggest customer, took aim at the U.S. catch as the trade war escalated. Relief came this week, but now no one there is buying.
OPEC Proposes a Large Cut in Oil Output
The cartel wants to take 1.5 million barrels a day off the market as the coronavirus outbreak curbs demand. But the assent of Russia and others is needed.
With Oil Prices Down 20%, OPEC Pushes for Stability
A meeting of oil ministers is trying to agree to cuts in output as the coronavirus outbreak slows economic activity.