As coronavirus outbreaks spike in some areas of the United States, Apple is planning to close retail stores located in Florida, Arizona, North Carolina, and South Carolina. Apple began reopening stores in the United States in May, and as of this week, 154 of the company’s 271 stores had been reopened. Coronavirus cases are climbing …
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Oil prices rose on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand was recovering well. Plans by Iraq and Kazakhstan to make up for overproduction in May on their supply cut commitments supported the market. The …
Continue reading “Oil rises as OPEC+ vows to adhere to output cuts”
John Bolton’s brutal memoir about his 17 months in the White House portrays President Trump as an easy mark for dictators and others who know how easily he falls for flattery. There has never been — and may never be — another book like this. Trump’s national security adviser took hyper-detailed, real-time notes, and is …
WASHINGTON (Reuters) – A de facto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday. Details will be available when the International Monetary Fund releases its updated World …
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The coronavirus pandemic will “fade away” even without a vaccine, but researchers are close to developing one anyhow, President Donald Trump said. “We’re very close to a vaccine and we’re very close to therapeutics, really good therapeutics,” Trump said Wednesday night in a television interview with Fox News. “But even without that, I don’t even …
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China raised its emergency warning to its second-highest level and canceled more than 60% of the flights to Beijing on Wednesday amid a new coronavirus outbreak in the capital. It was a sharp pullback for the nation that declared victory over COVID-19 in March and a message to the rest of the world about how …
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The OPEC + technical committee that met today made no further recommendations for further production cuts, focusing instead on members who do not abide by the current agreement, sources said. Another objective of the meeting was to examine the impact of the reduction. The second OPEC producer, Iraq, is also historically the least compliant member …
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The United States may be at a crucial point in the coronavirus pandemic, with cases rising again and officials deciding whether to stay the course on reopening. At least 19 states have seen new cases go up in the last two weeks and six states on Tuesday reported record increases, CBS News’ Manuel Bojorquez reports. Florida …
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The US has thrown into disarray plans for a new global tax framework for technology companies after suspending talks with European countries — and warning them of retaliatory measures if they press ahead with their own taxes. In a letter to four European finance ministers seen by the Financial Times, US Treasury secretary Steven Mnuchin …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year. U.S. crude oil refinery inputs averaged 13.6 million barrels per day during the …
Continue reading “EIA Weekly Petroleum Report for the week ending June 12”