S&P coronavirus impact News

Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns

Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand is expected to …

Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P

The coronavirus outbreak in China is clouding the global outlook and leading to both business caution and potential overall weakness in U.S. growth, according to S&P Global. However, given its limited exposure, the U.S. economy should experience only modest impact. …