coronavirus pandemic

  • Crude Oil
    Investors Suggest Big Oil Firms to Break Dividend Taboo As Debt Elevates

    Investors Suggest Big Oil Firms to Break Dividend Taboo As Debt Elevates

    The world’s most significant oil and gas companies should break a business taboo and consider reducing dividends, somewhat than taking on any extra debt to maintain payouts as they weather the fallout from the coronavirus pandemic, traders say. The top five so-called oil giants have avoided decreasing dividends for years to keep traders sweet and added a $25 billion collectively…

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  • News
    Rapid Spread of Coronavirus Disrupts Solar Energy Sector

    Rapid Spread of Coronavirus Disrupts Solar Energy Sector

    The coronavirus pandemic is threatening project schedules in the booming U.S. solar sector following a year in which the sector topped natural gasoline as the nation’s prime new power supply, based on a report featured on Tuesday. The fallout from the outbreak has affected both supply networks and demand in the fast-rising sector, and the president of the top U.S.…

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  • News
    U.S. to Buy Crude for Strategic Petroleum Reserve After Two Weeks

    U.S. to Buy Crude for Strategic Petroleum Reserve After Two Weeks

    The US might start purchasing the U.S. produced crude oil for the Strategic Petroleum Reserve (SPR) in two weeks from now, and fill it in some months, an Energy Division source stated Monday. President Donald Trump stated late Friday that he has ordered the Energy Division to fill the reserve “to the top.” The step was aimed toward helping domestic energy…

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  • Crude Oil
    Oil to Fall Lowest Since 2008 Financial Crisis Despite Rising Over 3%

    Oil to Fall Lowest Since 2008 Financial Crisis Despite Rising Over 3%

    Oil prices had been set for their worst weekly drop since the 2008 financial crisis, regardless of rising over 3% Friday, as investors worried over evaporating demand from the coronavirus pandemic and a production increase by top producers. Brent crude was up $1.12, i.e., 3.4%, at $34.33 per barrel after tanking over  7% Thursday. For the week, Brent is set…

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