Oil

OPEC's emergency meeting will take coronavirus and a price war into account as ministers weigh action.

Many U.S. energy companies are fighting to stay afloat after an imbalance between oil supply and demand slashed 44 percent from the S&P 500 energy sector’s market value.

Russia and Saudi Arabia are set to hold a virtual meeting to discuss production cuts that President Trump has suggested could total 10 million barrels per day.

Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia.

A bipartisan group of U.S. lawmakers introduced a bill on Tuesday providing $3 billion to buy oil for the national emergency reserve as a way to help energy companies hit by the plunge in crude prices.

Oil prices plunged Tuesday amid growing concerns about further supply and demand imbalances.

Work on the Keystone Pipeline continues in Montana as the coronavirus spreads throughout the U.S. and Canada.

Exxon Mobil Corp. plans to lower operating spending and reduce its capital budget as the oil company grapples with weaker crude prices.

Russia is ready to reduce its production very substantially to prop up weak oil markets, two Russian sources told Reuters on Monday, without giving precise numbers.

Oil prices pulled back as a virtual meeting between OPEC and its allies was postponed until April 9.

Energy Secretary Dan Brouillette said he's looking into reserving up to 1 billion barrels of oil at the direction of President Trump.