President Nicolás Maduro on Monday named a powerful ally sanctioned by the U.S. as a drug kingpin, along with a cousin of the late socialist leader Hugo Chávez, to revamp Venezuela’s oil industry amid massive gasoline shortages. Tareck El Aissami was appointed oil minister and Asdrúbal Chávez tapped to head of state-run oil giant PDVSA.
Despite its firm stance of not cutting 400,000 bpd at the OPEC+ talks, the outlook for Mexico’s oil industry is looking extremely bleak
Factory closures in Mexico due to the coronavirus pandemic are hurting U.S. defense firms, and the Pentagon is urging America’s neighbor to the south to reopen vital suppliers.
Esperion Therapeutics, Inc. (NASDAQ:ESPR) shareholders will have a reason to smile today, with the analysts making…
(Bloomberg) — The most ambitious bid to rescue the global oil industry ever seen has been swept aside by a brutal wave of demand destruction.Less than two weeks ago, the world’s biggest oil producers — in a deal facilitated by U.S. President Donald Trump — agreed to slash output in the hope of defending energy […]
ONEOK (NYSE:OKE) shareholders are no doubt pleased to see that the share price has bounced 42% in the last month…
Businesses have warned that £200 million-worth of seasonal plants will be destroyed if centres are forced to stay closed until June, so the industry has devised a rescue plan sent to officials two weeks ago.
(Bloomberg) — Broadcom Inc. warned customers they’ll need to place orders for parts at least six months ahead of time, a surprisingly long lead time that points to wider than anticipated disruptions to the tech industry’s global supply chain.Lockdowns in Malaysia, Thailand, Singapore and the Philippines are “closing or severely restricting business operations,” according to […]
The cruise industry received another blow on April 9, when the Centers for Disease Control and Prevention extended its initial No Sail Order a further 100 days, pushing the potential resumption of the cruise industry's operations until late July. But the cruise industry seems to think this rule doesn't yet apply to them just yet. […]
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