HOUSTON (Reuters) – Total SA’s Port Arthur, Texas, refinery is operating at about 60% of its 225,500-barrel-per-day (bpd) capacity, said sources familiar with plant operations. The refinery is running at reduced capacity because of the loss of demand during the coronavirus pandemic, the sources said.Oil refineries have curbed output since Most refiners are operating, but …
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API data show an unexpected weekly climb in U.S. crude supplies The American Petroleum Institute reported today that U.S. crude supplies rose by 2 million barrels for the week ended July 3. The API data also reportedly showed gasoline stockpiles fell by 1.8 million barrels, while distillate inventories declined by about 847,000 barrels. Crude stocks …
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In an internal presentation, United Airlines has prewarned thousands of employees that furloughs and layoffs may happen come October 1st. The airline has to give employees 60 days’ notice if they are affected. Although today’s warning is not the start of the official notice period, it is alerting staff that formal warnings may be issued …
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LONDON (Reuters) – Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude LCOc1 futures declined by 24 cents, or 0.56%, to $42.86, by 1236 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 30 …
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This is a interview form the Yale school of medicine about a new repORt published June 1st 2020 Read the full report as a PDF published below: Using Hydroxychloroquine and Other Drugs to Fight Pandemic Interview Date June 01, 2020 Professor Harvey Risch, M.D., Ph.D., is a researcher at the Yale School of Public Health …
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China-focused exchange-traded funds were on pace for their best day on record after a state-owned newspaper urged investors to purchase equities, saying, according to a translation, that a “healthy bull market” is good for the world’s second-largest economy, attempting to shake off the economic effects of the COVID-19 pandemic. The largest China ETF, the …
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As the number of confirmed new Covid-19 cases surges to new global highs of beyond 200,000 per day, a second wave of the pandemic is increasingly apparent in several countries – most notably in the United States. Modelling the effect of a wider ‘second wave’ scenario, Rystad Energy finds that global oil demand in 2020 …
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The total number of novel coronavirus infections in the United States rose by 43,742 over the past 24 hours to stand at 2,836,764 as the country’s health authorities have carried out almost 35 million tests, according to the Johns Hopkins Unversity’s tally. Since the previous update, 252 additional deaths caused by the coronavirus have been …
BELMAR, N.J. (AP) — As coronavirus-related restrictions are eased and temperatures climb, people are flocking back to the Jersey Shore. And with the July Fourth holiday weekend upon us, that’s making some people nervous, particularly given the large crowds that have surfaced at some popular shore spots recently and poor compliance with mandated measures to …
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OPEC+ production cuts have driven up crude oil prices End-user demand for transport fuels remains very subdued Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in …
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