Energy economy

Canada Earmarks Energy Aid Funds to Reduce Emissions

Canada's prime minister announced a major aid package for the energy sector on Friday.

BlackRock GEPIF Obtains Financial Close for $5.1bn

BlackRock’s Global Energy and Power Infrastructure Fund (GEPIF) has obtained a $5.1bn financial close for the Global Energy and Power Infrastructure Fund III (…

Market Analysis

Coronavirus Spurs New Clash Between Big Oil and Big Corn Over U.S. Biofuels

A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the na…

States ask EPA for Nationwide Biofuel Waiver to help Oil Refiners Weather Coronavirus

The governors of five U.S. states have asked the Trump administration for a nationwide waiver exempting the oil-refining industry from the nation’s biofuel law…

Oil Price

Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output

The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.

Oil & Gas Trade

Is Saudi Arabia Restarting The Oil War?

Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, …

Oil Price

Mexico's Secret Weapon in the Oil Price War

As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from …

Solar Company

Global Corporate PV Funding Down 31% Amid Covid-19 Crisis

Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flo…

Market Analysis

How COVID-19 will Affect Global Biofuels Demand

The novel coronavirus (COVID-19) outbreak is sending shockwaves through the global economy.

Offshore Wind Power

European Wind Investment Slides as Covid-19 Undercuts Spending Power

The impact of the coronavirus pandemic is likely to reduce liquidity in debt and equity markets, WindEurope says.

Coal-Fired Power Plants

India's Coal Sector Faces Stranded Asset Risks Amounting $40b

The resulting liquidity crunch could keep banks from lending to the renewable sector.

Oil Price

Not Even The $2 Trillion Stimulus Package Can Save Oil Markets

The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels of oil for the Stra…

Shell Pauses $25bn Share Buyback Scheme Amid Oil Market Disruption

Weak demand and falling prices have persuaded Shell to suspend its share buyback scheme for the year, as French major Total follows suit.

$160 Millions for Renewable Energy Through the Energy Inclusion Facility

The Energy Inclusion Facility (EIF) of the African Development Bank (AfDB) has raised USD 160 million. The funds provided by several development partners will h…

Oil’s Plunge Is an Existential Threat to a Far Cleaner Biofuel

It withstood a downward currency spiral, economic malaise, a jump in raw-material costs and political upheaval. Now one of Brazil’s booming industries has fina…