As tough as it’s been for millions of Americans to shelter in place because of the coronavirus pandemic, staying at home with no gas or electricity would have been worse. Utility companies throughout the country have been doing their part to keep the lights on regardless of customers’ ability to pay. Duke Energy (DUK), the […]
If you thought the collapse in oil prices this week was bad, next month could be “fundamentally worse,” with prices falling to -$100 a barrel, says one energy strategist. “Oil is difficult to handle and if you can’t put it anywhere, it becomes an environmental...
Don’t expect higher oil prices for some time, says one energy analyst. “The markets are still worried that we will not have freedom of movement, and we will not see demand recover until some time in the summer, and there’s a lot of debate,” Regina Mayor, global head...
Oil prices (CL=F) fell below $19 a barrel on Friday after China reported its economy shrank by 6.8% in the first quarter, the latest sign coronavirus is disrupting economies worldwide and decimating global demand for crude. Parsley Energy (PE) CEO Matt Gallagher told...
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