Earlier this week the United States Senate passed a nearly $500 billion coronavirus ‘Phase 3.5’ relief bill that would replenish the small business rescue program known as the Paycheck Protection Program (PPP). Along with this, $75 billion will go to hospitals to implement a nationwide COVID-19 virus testing program as well as research funding to […]
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The first quarter of 2020 has absolutely rocked global oil markets due to COVID-19, an OPEC+ supply and price dispute as well as a global economic recession. What happens next is still unknown, but with global storage on the brink of filling up and demand destruction nearing 20 million bpd, the global oil industry will […]
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Companies far and wide are doing what they can in support of the global citizen by retooling their factories and supply chains. Auto manufactures, distilleries, home product companies, and others are all stopping production of their standard business products and shifting their expertise towards making items like masks, sanitizer, and respirators.
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Yesterday, the stock market on Wall Street had their largest single day move since 2008 on expectations of the largest fiscal stimulus package in modern American history. The White House and Senate leaders reached a deal early this morning on a stimulus bill to combat the economic impact of the coronavirus outbreak. Washington is hoping […]
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In a time where there seems to be an endless onslaught of negative news feeds, it’s important to take a step back and recognize the good deeds that communities are doing for each other. Neighborhoods across the country are stepping up to the plate and doing their part to keep everyone afloat. Service industry workers […]
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U.S. shale oil and gas producers are feeling the pressure from the latest panic on the spread of the coronavirus. Impact from the virus has caused West Texas Intermediate to fall below $45 a barrel. In its latest Drilling Productivity Report, released earlier this month, the Energy Information Administration said, “oil production has declined across six […]
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On the morning of Monday, January 6, 2020, WTI crude oil was nearing $64/bbl. As of 10:31 a.m. EST on Thursday, February 27, 2020, WTI crude oil was trading at $46.36/bbl. The shocking effects of the coronavirus fear continue to decimate global markets, particularly oil markets. Fortune.com aptly points out that the coronavirus has done […]
Read MoreBDR Express, Inc.Saving Fees, Gaining Peace of Mind
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In an attempt to curtail the downward plunge of global oil prices, Russia is considering supporting cuts among OPEC and its partners. On Thursday, Sergey Lavrov, Russia’s top diplomat, confirmed Russia’s support for production cuts following a conversation between President Putin and the King of Saudi Arabia. However, Energy Minister Alexander Novak said on Friday […]
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On Tuesday the United Kingdom’s government announced a ban on the sale of Internal Combustion Engines starting in 2035 (five years earlier than previously planned). Meaning it will eventually be illegal to sell new gas, diesel, and even hybrid powered cars to adhere to this standard. Many governments across the world have plans of internal […]
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