Courtesy of LM Wind Power An outbreak of Covid-19 at a wind power facility in North Dakota has forced it to temporarily close, the latest example of how the pandemic is impacting the renewable energy sector. Over the weekend, North Dakota's Department of Health said there were 110 confirmed cases of coronavirus in people connected to the LM Wind Power plant in Grand … [Read more...] about Coronavirus outbreak at wind power plant in North Dakota shuts down production
Oil gains as US shale production set to fall sharply
Oil pumping jacks, also known as "nodding donkeys," operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major … [Read more...] about Oil gains as US shale production set to fall sharply
Mexico throws OPEC's historic oil production cut into doubt ahead of G-20 meeting
The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters. Omar Marques | LightRocket | Getty Images Oil producer group OPEC and its allies failed to comprehensively secure a deal to take a historic amount of crude off the market on Thursday, after Mexico balked at the suggested production cuts. An energy alliance of some of the world's … [Read more...] about Mexico throws OPEC's historic oil production cut into doubt ahead of G-20 meeting
Oil jumps ahead of 'make-or-break' OPEC meeting
An OPEC sign hangs outside the OPEC Secretariat in Vienna, Austria, on Nov. 29, 2017. Akos Stiller | Bloomberg | Getty Images Oil prices moved higher on Thursday, ahead of a pivotal meeting in which OPEC and its allies, known as OPEC+, will discuss historic production cuts as the coronavirus pandemic continues to sap demand for crude. U.S. West Texas Intermediate traded … [Read more...] about Oil jumps ahead of 'make-or-break' OPEC meeting
Shocking drop in wholesale gas prices signals more refinery cutbacks and gasoline under $1
Wholesale gasoline prices are collapsing, a sign that more refineries will cut back or shut down and prices at the pump could sink to under $1 a gallon in more parts of the country, analysts said. In some sections of the Midwest on Wednesday, distributors were getting just about 10 cents for a gallon of unleaded gasoline mixed with ethanol. Prices of less than 20 cents a gallon … [Read more...] about Shocking drop in wholesale gas prices signals more refinery cutbacks and gasoline under $1