Oil

Oil has plunged nearly 30 percent this year driving energy stocks into a bear market.

The coronavirus is indirectly slamming the big intergrated oil companies.

Oil's had a rough go over the last few weeks, mainly due to the raging coronavirus, but there is optimism a bottom may be near.

The Los Angeles County Fire Department said the fire sparked about 10:50 p.m.

The New York-based lender's decision follows a similar move at rival Goldman Sachs, which said in December it wouldn't provide financing for oil exploration or development in any part of the Arctic.

Oil declined for a third session, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.

DAMMAM, Saudi Arabia, - Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.

Goldman Sachs said commodity prices could fall sharply before Chinese stimulus efforts later this year help the sector achieve its 12-month return forecast of about 10%.

The price at the pump averages 9 cents higher than it was a year ago