The Paycheck Protection Program (PPP) was established to incentivize small businesses to keep workers on payroll and/or rehire those who’d been laid off or furloughed due to the financial fallout of the COVID-19 pandemic.
A long-anticipated ruling came down July 21, allowing renewable liquid heating fuel dealers in Massachusetts and throughout the Northeast to breathe a sigh of relief.
Crude oil future prices ticked higher during the mid-morning trade in Asia Sept. 18, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere to the mandated production cuts.
The United Arab Emirates pumped 2.693 million barrels of oil per day in August, above its OPEC+ quota, after hot weather and people holidaying at home drove associated gas demand for power generation, two sources familiar with the matter told Reuters.
Leading Russian chemical company Shchekinoazot reports two years of stable operation of its methanol and ammonia co-production plant based on Haldor Topsoe’s IMAP process.
US stocks fell on Thursday as investors continued to digest comments from Federal Reserve Chair Jerome Powell and weekly jobless-claims data.
The dollar exchange rate gained 0.44% to 72.29 rubles, while the euro exchange rate added 0.53% to 89.03 rubles.
The coronavirus pandemic has led to a shift in the tanker sector’s supply-and-demand dynamics.
Oil prices have collapsed in 2020 due to the Covid-19 crisis and long-term concerns about climate change.
Russia’s Economic Development Ministry projects a 16.4% decrease in oil and gas exports in 2020 compared with last year.