House, Senate Lawmakers Propose Essential Workers Fund

Legislation that would compensate essential workers who became ill or died from COVID-19 while performing their services was recently introduced by Senate Democrats. The Pandemic Heroes Compensation Act would establish a fund for those who qualify, such as certain individuals who were required to provide products or services deemed essential during the pandemic.

Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost

Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike. Futures in New York dropped 1.8% May 7. State-run Saudi Aramco raised prices on almost all grades for June, sending futures surging. But the market remains glutted after the kingdom exported record amounts of crude […]

Oil Price Turns Negative in Historic First; Diesel’s Decline Continues

The price of oil dropped to its lowest level in history April 20, sinking into negative pricing as oil supplies are beginning to overwhelm the globe’s storage capacity. During trading on the New York Mercantile Exchange, West Texas Intermediate crude for May delivery fell more than 100% to settle at negative $37.63 per barrel, meaning […]

What Returning to Work Will Look Like in Offices, Cafes and Factories Around the World

Wearable social-distancing buzzers. Masked blackjack dealers. Drive-thru electronics purchases. From cubicles to factory floors, cafes to clothing boutiques, businesses around the world are dreaming up creative ways to reopen, attempting to start revenue flowing again while minimizing the risk to customers and employees. The global economy is riding on their ability to pull off that […]

Replenishing the Fuel Supply Chain During COVID-19

When we head to the gas station, we rarely think twice about whether there will be fuel at the pump. Fuel supply management is never really a concern for consumers until there is a shortage or a pandemic, such as COVID-19. But for supply chain managers, the coordination and smart replenishment of fuel are monitored […]

The Global Economic Impact of COVID-19

When the novel coronavirus, now named COVID-19, first crept up in the city of Wuhan, China, in early 2020, no one could have predicted how this new virus would ultimately disrupt the global economy. Now, many around the world are contemplating how global supply chains may be affected and how things will play out in […]

WTO: Coronavirus crisis could rival Great Depression

“These numbers are ugly. There’s no way around that,” admitted World Trade Organization (WTO) Director-General Roberto Azevedo during a press conference on Wednesday, upon the release of the WTO’s coronavirus forecast.