A Harvard health expert said he expects an additional 200,000 deaths in the US by September. Dr. Ashish Jha, the director of the Harvard Global Health Institute, told CNN’s Wolf Blitzer that the current data shows that somewhere between 800 to 1,000 Americans are dying from the virus daily, and even if that does not …
All movement in and out of the city will be ‘strictly controlled’ as dozens more test positive for Covid-19 amid fears of a second wave China’s capital has raised its emergency level as dozens of new coronavirus cases emerged and residents were barred from any “unessential” travel outside Beijing following a new outbreak of the …
ANCHORAGE, June 16 (Reuters) – ConocoPhillips will resume some of its Alaskan production shut in due to falling fuel demand stemming from the coronavirus pandemic, a spokeswoman said on Tuesday. The company cut output in the state by 100,000 barrels per day (bpd), part of a broader series of cuts announced in April in response …
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Experts voice concern over an uptick of Covid-19 cases in the southern part of the state where resources are scarce The number of coronavirus deaths in California surpassed 5,000 over the weekend, even as malls, museums and movie theaters began to reopen across the state. The rise in cases has left epidemiologists and healthcare providers …
The American Petroleum Institute (API) reported on Tuesday another build in crude oil inventories, this time of 3.857 million barrels for the week ending June 12. In the previous week, the API shocked the market with a massive spike in crude oil inventories of 8.42 million barrels, after analysts had a far more benign draw …
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Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand. Brent crude LCOc1 futures were down 89 cents, or 2.2%, at $40.07 a barrel as of 0348 GMT, …
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BP PLC is writing down as much as $17.5 billion of its assets and might leave some of its oil and gas in the ground because of lower energy prices and weakened demand amid the global crisis caused by the novel coronavirus. BP will slash up to $17.5bn off the value of its oil and …
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It’s an outcome no one wants, but could become a “harsh reality”: a second wave of shutdowns. Weeks after lifting stay-at-home orders, some states are seeing record numbers of hospitalizations from COVID-19 as thousands more Americans get infected every day. “We’re going to have to face the harsh reality in some states that we may …
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The Federal Reserve said Monday it will expand its efforts to backstop the corporate debt market by purchasing a “broad, diversified market index” of U.S. corporate bonds in the secondary market. The central bank says the purchases of individual corporate bonds will be used to create a “corporate bond portfolio” that meets the Fed’s existing …
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The United States Federal Reserve said on Monday it will begin buying corporate bonds in an effort to support market liquidity and credit availability for large employers. Under the updates to its Secondary Market Corporate Credit Facility (SMCCF), Fed said it will buy corporate bonds, as well as corporate bond portfolios in the form of …
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