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Oil

Oil dips on COVID-19 resurgence, fears of more supply

Oil dips on COVID-19 resurgence, fears of more supply

By: Stephanie Kelly
Source: Reuters
Date of Publication: October 15th, 2020
Oil prices edged lower on Friday, dragged down by concerns that a spike in COVID-19 cases in the United States and Europe will continue to drag on demand in two of the world’s biggest fuel-consuming regions.
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Small energy players lean on taxpayers and Wall Street for coronavirus aid

Small energy players lean on taxpayers and Wall Street for coronavirus aid

By: Devika Krishna Kumar, Tim McLaughlin
Source: Reuters
Date of Publication: October 5th, 2020
Several publicly traded energy companies took millions of dollars in U.S. taxpayer-funded loans to support their businesses even as those firms had access to other ways to generate cash, according to a Reuters analysis of U.S. Securities and Exchange Commission and other government data.
Pandemic Pain Persists for Big Oil Companies - WSJ

Pandemic Pain Persists for Big Oil Companies

By: Christopher M. Matthews and Sarah McFarlane
Source: The Wall Street Journal
Date of Publication: October 1st, 2020
A tepid rebound in fossil fuel demand and longer-term concerns about renewable energy and electric vehicles are driving down company values.
U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic

U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic

By: Erwin Seba
Source: Reuters
Date of Publication: September 30th, 2020
Marathon Petroleum Corp MPC.N, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday.
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Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion

Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion

Source: Reuters
Date of Publication: August 2nd, 2020
Marathon Petroleum (MPC.N) has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings (3382.T) for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak.
ConocoPhillips to reverse most output cuts by end of third quarter

ConocoPhillips to reverse most output cuts by end of third quarter

By: Nishara Karuvalli Pathikkal
Source: Reuters
Date of Publication: July 30th, 2020
ConocoPhillips said on Thursday it expects production curtailments in the current quarter to be roughly half as much as last quarter and will restore most of its output by the end of September, after the oil and gas producer slashed about a third of its output in April as oil prices plunged 41%.
Exxon shares fall after it loses money for a second straight quarter

Exxon shares fall after it loses money for a second straight quarter

By: Pippa Stevens
Source: CNBC
Date of Publication: July 31st, 2020
On Friday Exxon posted its second straight quarterly loss.
Chevron picks Noble in biggest U.S. energy deal since oil crash

Chevron picks Noble in biggest U.S. energy deal since oil crash

Source: Reuters
Date of Publication: July 20th, 2020
Chevron Corp (CVX.N) said on Monday it would buy Noble Energy Inc (NBL.O) in a $5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper.
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Oil Gains Past $43 With Saudis Raising Prices, Equities Rallying

Oil Gains Past $43 With Saudis Raising Prices, Equities Rallying

By: Alex Longley and Saket Sundria
Source: Bloomberg
Date of Publication: July 5th, 2020
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed.
How Coronavirus Complicated the Quest for a Greener Plastic Bottle - WSJ

How Coronavirus Complicated the Quest for a Greener Plastic Bottle

By: Saabira Chaudhuri
Source: The Wall Street Journal
Date of Publication: June 24th, 2020
The pandemic disrupted recycling and hit oil prices, challenging efforts to use more recycled plastic in drinks bottles.