Exclusive: U.S. aims to lease space in emergency oil stockpile, after buying plan canceled - sources
The Trump administration plans to lease out space for energy companies to store oil in the nation's Strategic Petroleum Reserve, after a previous effort to buy millions of barrels for the emergency stockpile was canceled over a lack of funding, according to two people briefed on the matter. The new plan could help the United States deal with a growing glut of crude oil that risks overwhelming commercial storage tanks and sending world energy prices deeper into a tailspin as the coronavirus pandemic slashes demand for fuel. The plan is a change of tack from the initial scheme, which would have had the Department of Energy (DOE) purchase crude from domestic drilers using federal funds.
- U.S.USA TODAY
The Zaandam and Rotterdam crossed the Panama Canal and is en route to Florida, but whether the ships can dock remains a lingering question.
- BusinessYahoo Finance
Thank you Walmart for finally introducing single-direction aisles to your stories — it makes a ton of sense.
- BusinessAssociated Press
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus. INDUSTRY: Less than a week after saying it planned to reopen five North American assembly plants, Ford has decided that those facilities will remain closed indefinitely.
- U.S.Good Morning America
A 28-year-old who said she and her boyfriend tested positive for the novel coronavirus is speaking out in hopes to remind the public that young, healthy adults are still at risk. Noemi Orofino and her boyfriend Julian, 31, are now in recovery after fighting the COVID-19 virus, the new respiratory illness in which hundreds of thousands have been diagnosed globally, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. Orofino, who works in fashion, began documenting her journey on Instagram after revealing she was positive.
- EntertainmentYahoo Celebrity
Andy Cohen shares what helped him recover from COVID-19.
'I Still Can't Believe What I'm Seeing.' What It’s Like to Live Across the Street From a Temporary Morgue During the Coronavirus Outbreak
The arrival of makeshift morgues has thrust the pandemic into full view as it envelops the nation’s largest city.