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This week, we showcase winners and losers in the oil price saga and highlight symptoms of the coronavirus pandemic for residential solar.
Oil surges 12% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic
Oil prices have been roiled as the coronavirus pandemic weighs on demand while the global price war has threatened to significantly boost supply.
Oil surged as much as 35% on Thursday, leading a sharp rally in energy stocks that lifted the entire market.
‘Another cataclysmic week’: Stocks climb as signs of relief in oil markets outweigh fears of record US jobless claims
Hopes for stronger crude demand and the end of the Russia-Saudi Arabia price war beat out concerns about another 3 million unemployed Americans.
Oil’s 66% plunge marks its worst quarter ever amid the double whammy of coronavirus and a global price war
Oil prices could fall even further in April as Saudi Arabia and Russia boost production to record levels.
Texas has been the poster boy for good economic news in the US, and its decimation by the coronavirus shows what a rough ride every state has in store...
Millions have flocked to Texas for its affordability and jobs, but the coronavirus pandemic is hurting its economy while oil prices are plummeting.
The country aims to boost output by 200,000 barrels per day and join Saudi Arabia and Russia in the market-share struggle, Bloomberg reported.
The coronavirus pandemic is cratering demand for fuel, which is driving down the price of gas to 99 cents or less. And the bottom isn't even in sight.
Saudi Aramco needs cash with oil prices at a 17-year low — and now it may reportedly sell a piece of its pipeline unit
Aramco is looking to raise capital ahead of $75 billion in dividend payments through 2020 and a planned $70 billion acquisition, Bloomberg reported.
"Sheer economic shock is about to overwhelm markets ahead; and we will require even greater policy responses."