For decades, oil bears have made grand claims about oil prices crashing to $1. It was never really a claim that industry professionals would take seriously, with most observers viewing it either as fear-mongering or hyperbole. On Monday the 20th of April 2020, WTI front-month contracts fell to the $1...
A $17,000 model. A fitting appointment. A cover spread on Vogue. The Apple Watch was more than a fitness-tracking device when it debuted five years ago. It was a fashion item and status symbol. It was luxury on your wrist. Fast forward to 2020, the fifth anniversary of Apple's smartwatch. Millions of people around the globe wear...
The front-month WTI crude contract crashed by 37 percent early on Monday as the May contract expires on Tuesday and the market fears there is not much storage left in the United States amid collapsing demand in the coronavirus pandemic. At 8:54 a.m. EDT on Monday, the front-month WTI Crude price was...
The coronavirus pandemic was almost certainly not triggered by a lab accident, scientists tell NPR—despite concerns to the contrary floating around Washington. "Every time we get a new virus emerging, we have people that say, 'This could have come from a lab,'" says Peter Daszak, who studies pandemic origins. "It's...
The offshore drilling market is set to be one of the worst-hit in the oil price crash and demand collapse, as companies are reassessing drilling programs and canceling or halting offshore contracts, IHS Markit said in its latest Offshore Marine Monthly analysis on Monday. Demand for offshore supply vessels (OSV) is expected...
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 fast, more Saudi oil imports...
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 sands deposit to melt the...
The list of possible symptoms of the coronavirus has grown. The Centers for Disease Control and Prevention updated its official list of indicators, CBS reports, which had been just fever, cough and shortness of breath. The last one has been elaborated on, as well. The signs that you might have the...