The American ethanol industry is cutting production like never before as coronavirus lockdowns keep drivers off the roads, crushing demand for fuel. Output of corn-based biofuel plunged by a record 20% Continue Reading
A group of powerful Republican senators wants to make sure the bailout program being administered by BlackRock Inc. on behalf of the federal government won’t leave fossil-fuel companies behind. The Continue Reading
US shale drillers are engaged in a bitter test of wills as sinking oil prices force the weakest operators to retreat. (Bloomberg) — U.S. shale drillers are engaged in a Continue Reading
Sweden’s biggest wind farm began producing power this month, and the region’s nuclear reactors are feeling the heat. Vasa Vind AB’s Askalen started commercial output on April 1, increasing supplies in Continue Reading
Crude futures were higher in mid-morning trade in Asia Wednesday after plunging overnight as a jittery market awaited the OPEC+ meeting on Thursday and G20 meeting on Friday for cues. Continue Reading
Oil rose as investors weighed whether output cuts being discussed by the world’s top producers will be enough to offset the demand destruction wrought by the coronavirus. Futures in New York Continue Reading
Crude futures prices dropped sharply late Tuesday after federal data projected only modest US production cuts in 2020 and impatience grew over an apparent lack of progress in a broader Continue Reading
The G20 group of leading world economies will host an extraordinary energy ministers’ meeting Friday to discuss OPEC-led plans for a global crude production cut accord aimed at shoring up Continue Reading
OPEC’s ambitions for expanded global production cuts to level out the oil market’s coronavirus nosedive remain in the balance, with countries still far apart on many details — not least Continue Reading
The world’s largest oil producers are inching closer to an unprecedented global deal to rescue the energy industry from collapse after the U.S. said production will drop dramatically. While the forecast reflects Continue Reading
