Author: Bloomberg News

As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze.

The Senate approved a new $484 billion pandemic relief plan with funds for a tapped-out small business aid program, and aid for coronavirus testing and overwhelmed hospitals. A House vote is expected as soon as April 23.

Oil ministers from the OPEC+ coalition held an unscheduled conference call on April 21 to discuss the collapse in crude prices, though a closing statement signaled they didn’t settle on any new policy measures.

Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil trading.

Some of America’s largest food companies are finally feeling the pinch with restaurants across the U.S. remaining closed for weeks as a result of the coronavirus pandemic.

President Donald Trump said he’s tapping the country’s most prominent business executives, including several from the trucking industry, to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.

President Donald Trump said he’s tapping the country’s most prominent business executives, including several from the trucking industry, to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.

Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines that want taxpayer aid, according to people familiar with the matter, dashing the industry’s hopes for leniency.

Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines that want taxpayer aid, according to people familiar with the matter, dashing the industry’s hopes for leniency.

U.S. airlines’ desperate bid for $29 billion in government rescue cash is being frustrated by a lengthening process and demands that companies provide more detailed financial information, people familiar with the situation said.