by mujair | May 17, 2020 | Business & Finance News
HOUSTON — Driving in the United States and Europe is picking up a little. Refineries in China are buying more oil as that country’s economy reopens. Saudi Arabia and Russia ended their price war and slashed production, and American oil companies are decommissioning...
by mujair | Apr 22, 2020 | Business & Finance News
For decades, the oil rigs rising out of the North Sea off Scotland provided Britain with hundreds of thousands of jobs in a thriving industry and billions in tax revenue. Much of that now seems a memory. The collapse in oil prices from the coronavirus pandemic,...
by mujair | Apr 22, 2020 | Business & Finance News
Nearly 100 public companies got millions in small business loans. As Congress prepares to restock a depleted small business loan fund, complaints are mounting about the publicly traded companies that sucked up hundreds of millions of dollars from the fund’s initial...
by mujair | Apr 21, 2020 | Business & Finance News
The huge drop in prices on Monday was exaggerated by the way oil prices are set. When traders sell oil they guarantee delivery at a future time. Normally the price differences between oil for next month and the following one are relatively minor. But on Monday oil to...
by mujair | Apr 21, 2020 | Business & Finance News
The coronavirus pandemic has caused a series of mind-bending distortions across world financial markets, but Monday featured the most bizarre one yet: The benchmark price for crude oil in the United States fell to negative $37.63. That means that if you happened to be...
