The highest number of Saudi oil shipments in years are making their way to the United States this month, threatening to make an already dire situation in the U.S. oil industry even worse. With oil demand crashing in the lockdown and storage capacity filling up
Canadian oil companies have begun shutting down steam-driven oil sands production projects as prices continue to fall, Reuters reports, noting the move could have dire long-term consequences for the production facilities. Steam-driven oil sands production, also called steam-assisted gravity drainage, involves injecting steam into an oil
This week began with a bang for the oil markets. On Sunday the members of OPEC+ struck a historic deal to slash production by a whopping 9.7 million barrels in May and June in an attempt to rescue oil prices from the depths of the
COVID Loan Tracker was started by small business owners Duncan and Rita MacDonald-Korth to help their fellow small business owners understand when PPP and EIDL advance money starts flowing. The site works by crowdsourcing knowledge on applications and loan disbursements. Our goal is to help
Startups developing autonomous robots have seen their usage rise in grocery stores, warehouses and hospitals amid the COVID-19 pandemic. As a result, these companies have naturally had to expand operations to meet demand. Case in point: In the first quarter of 2020, Brain Corp. saw a 13
APR 13, 2020 2:49PM EDT Sales of iPhones surged 416% in March from February, to about 2.5 million units. Total handset sales were up 241% from February to 21.8 million units, though still down 23% from a year earlier. Sales of iPhones in China staged
COVID Loan Tracker was started by small business owners Duncan and Rita MacDonald-Korth to help their fellow small business owners understand when PPP and EIDL advance money starts flowing. The site works by crowdsourcing knowledge on applications and loan disbursements. Our goal is to help
The cryptocurrency market recently suffered one of the most intense drops recorded in history that many referred to as “Black Thursday.” What exactly happened and what are the lessons that we can learn here? The Day The Crypto Market Structure Crumbled March 12, 2020, has