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Wheeling and dealing in oil
Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets and pushed energy companies toward bankruptcy.
Tesla's 1Q car sales surged before pandemic shut things down
Tesla's sales of its increasingly popular electric cars got off to fast start this year, even though the company had to slam the brakes along with other major automakers last month because of worldwide efforts to contain the worst pandemic in a century.
Saudi Arabia oil output to hit record high
Saudi Arabia’s state-run oil giant Saudi Aramco said on Tuesday, March 10, 2020, it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
High level of Seine River threatens the Louvre
The water level in the Seine River is rising after massive rainfall, adding to concerns that it could break its bank in Paris.
Stocks plunge, oil prices sink further in response to COVID-19
Anxiety over the new coronavirus epidemic sent global stock markets and oil prices plunging on Monday, March 9, 2020, touched off prison riots in Italy and caused a cascading shutdown of sites and events ranging from Saudi schools to a Holocaust march.
Economy hit hard as virus ripples through travel, energy, financial markets
The economic affects of the coronavirus have preceded the spread of the virus itself, with financial markets swinging wildly, companies closing offices or asking employees work from home in affected areas, and throttling air travel across the globe.
Exxon to cut production as oil prices plummet
Exxon Mobil said on Thursday, March 5, 2020, it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand.
Jeff Bezos commits $10 billion to fight climate change
Amazon founder Jeff Bezos said on Monday, February 17, 2020, that he plans to spend $10 billion of his own fortune to help fight climate change.
Tesla stock goes bonkers
Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year.
Recordings show Iran authorities knew jetliner hit by a missile
A leaked recording of an exchange between an Iranian air-traffic controller and an Iranian pilot purports to show that authorities immediately knew a missile had downed a Ukrainian jetliner after takeoff from Tehran, killing all 176 people aboard, despite days of denials by the Islamic Republic.