Oil industry facing historic production shutdown

Oil industry facing historic production shutdown

The world’s oil market once fixated on how Saudi-led Opec would tweak supply in small increments to boost prices. That concern suddenly feels quaint: the size of the global drop in consumption triggered by the coronavirus pandemic may be equivalent to the cartel’s entire output. Saudi Arabia has pledged to ramp up exports as part […]

Movie Ticket Sales Fall to Historic Low

Movie Ticket Sales Fall to Historic Low

LOS ANGELES — Here is all you need to know about the mind-sets of moviegoers as the coronavirus pandemic intensifies: God beat a superhero at the weekend box office.Seemingly every aspect of American life has been disrupted by the coronavirus pandemic, and the weekend...
Oil and stock futures rise after historic rout

Oil and stock futures rise after historic rout

Oil prices and US stock futures rebounded from a momentous sell-off a day earlier as investors bet that policymakers would come to the rescue with new stimulus measures to soften the economic blow from coronavirus.Despite fears of an oil price war, coronavirus...