Governments around the globe are scrambling to figure out what, if anything, they can do to arrest the collapse of oil prices, which fell below zero on Monday.
With stay-at-home orders cutting a third of the global oil demand, the usual methods of small production cuts or filling the nation's oil reserves are unlikely to do much to move markets, raising question about governments’ abilities to manage the panic.
President Donald Trump has asked to make funds available to oil companies to help get them through the panic — a move that might help individual oil companies delay bankruptcy. But it isn’t expected to do much to help oil prices, which continued to fall Tuesday.
to arrest the collapse of oil prices | below zero
Capital Markets Update
Covid-19 / Apr 08, 2020
Greetings. Again, I hope this finds you all healthy and safe as we continue on our path through the COVID-19 pandemic. As a follow up to what I put out last week, I wanted to touch again on what I am seeing and hearing in the marketplace.
Trump Signs Coronavirus Stimulus Bill With Billions In Relief For Texas
Covid-19 / Apr 03, 2020
House Speaker Rep. Nancy Pelosi (D-Calif.) speaks with reporters at the Capitol in Washington, Friday morning, March 27, 2020.
Abbott Says COVID-19 Cases Are 'leveling Off' But Stay-at-home Order Stands
Covid-19 / Apr 23, 2020
Texas Gov. Greg Abbott painted a positive picture of the state’s battle against COVID-19 on Tuesday, but said it’s not yet time to fully reopen the economy.
Houston Seeks OK To Use Pandemic Aid To Close Budget Gap
Covid-19 / Apr 23, 2020
Mayor Sylvester Turner is asking the federal government to let Houston use $404 million in aid to help close its ballooning budget gap and reduce the number of expected furloughs.
Texas Activists Say They Will Bail People Out Of Jail To Protect Them
Covid-19 / Apr 23, 2020
Local community activists said they would begin bailing defendants out of some of Texas’ largest county jails to protect them from the spread of the new coronavirus.
Coronavirus (COVID-19) - Small Business Guidance & Loan Resources
Covid-19 / Apr 03, 2020
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
