Oklahoma will let struggling oil producers halt output without breaking contracts
Oklahoma’s energy regulator on Wednesday ruled in favor of an oil company’s emergency application to classify unprofitable production as economic waste, enabling producers to maintain...
Delta warns of choppy coronavirus recovery, working to halve cash burn
Delta Air Lines Inc said on Wednesday it does not expect air travel to recover for two or three years and is working to halve...
Expedia shares fly on report of talks to sell stake for $1 billion
Shares of Expedia Group Inc rose 9% on Wednesday after a report that the online travel services company was in advanced talks to sell a...
Chevron barred from drilling, transporting oil in Venezuela: U.S official
Chevron’s assets in Venezuela have been mothballed and the company is not allowed to drill, transport or barter oil there as the Trump administration cracks...
American Eagle pulls annual forecast on coronavirus worries; shares plunge
Shares of American Eagle Outfitters Inc dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly...
Delta to halve cash burn as it turns focus to choppy coronavirus recovery
Delta Air Lines Inc has taken steps to halve its cash burn to $50 million per day through June after posting its first quarterly loss...
Netflix to raise $1 billion to fund original content
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer...
Explainer: Why Norwegian Air matters to Norway
Norwegian Air , the budget carrier that changed the way people travel across the Atlantic, is fighting for survival as the coronavirus pandemic deepens the...
Stimulus hopes lift Wall Street after historic oil rout
Wall Street’s main indexes rose on Wednesday on signs of more stimulus to aid small businesses ride out the coronavirus-induced economic slump and a recovery...
Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis...