Oil

Crude oil prices rise as storms zero in on Gulf of Mexico: report

SINGAPORE - Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after U.S. regulators approved the use of blood plasma from recovered patients as a treatment option.

Coronavirus further complicates Shell's giant floating gas project

Royal Dutch Shell PLC spent billions of dollars developing one of the world's most challenging energy projects, a floating gas terminal five football fields long. The coronavirus pandemic is posing a new problem: How to get workers to safely start it back up.

Americans drove 13% fewer miles in June than a year earlier

U.S. motorists drove 244.7 billion vehicle miles in June, 36.5 billion vehicle miles fewer than the same month a year earlier, as government lockdowns to stop the spread of coronavirus kept drivers home, according to a monthly report from the U.S. Department of Transportation.