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Aramco trading CEO: Oil demand will recover after ‘big hit’
(Bloomberg) — Oil markets will begin to recover in the second quarter as the virus that has inflicted a “big hit” on Chinese demand abates, the head of Saudi Aramco’s trading unit said. “By the...
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Oil slumps to lowest in a year as fear of virus hit spreads
Oil extended declines to the lowest in a year on fears the fast-spreading coronavirus will take a major toll on the global economy. Source: FuelFix
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Shell plans major drilling in Mexico, but oil may take years
(Bloomberg) — Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government. The global oil major plans to drill...
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Oil dives after CDC warns of impending virus outbreak in U.S.
(Bloomberg) — Oil deepened a three-day rout as panic over a coronavirus outbreak in the U.S. gripped investors and sent shockwaves through commodity, equity and debt markets. Futures fell 3% in New York to the...
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Sunnova cuts quarterly losses as more households want power resiliency
Sunnova, the residential solar system seller in Houston, reported that it added 30 percent more customers last year to 78,600 as more households invested in rooftop solar panels to prevent losing power during storms and...
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