U.S. oil settles at $35.62 a barrel, plunges over 10% for week
U.S. oil futures settled lower on Friday after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year.
The Paris climate talks are going much better than expected
Round-the-clock negotiations are currently underway in Paris with perhaps the boldest goal of any international summit of world leaders in history: a comprehensive plan to transition the world economy away from fossil fuels and prevent catastrophic climate change.
The radical idea that’s gaining momentum at the Paris climate talks
Even as some experts are questioning the extent to which it’s even possible, more and more voices at the U.N. climate change conference here are standing up for at least trying to keep global warming below 1.5 degrees Celsius above pre-industrial levels, rather than the more commonly cited 2 degrees C.
Despite push for cleaner cars, sheer numbers could work against climate benefits
Given the limitations of electric cars so far — including their limited range between charges — many experts predict that most of the billion additional cars predicted to be on the road in 2030 will have internal combustion engines that spew greenhouse gases.
Abengoa shuts down Hugoton cellulosic ethanol plant
In Kansas, Abengoa has decided to suspend production at its new cellulosic ethanol plant in Hugoton as well as its corn-based ethanol plant in Colwich as part of the recent financial troubles the company is suffering from that may eventually lead to bankruptcy.
VW seeks to move beyond crisis mode with investigation results
Volkswagen AG will provide initial results of an internal investigation into emissions manipulation on Thursday, a sign that the automaker is coming to grips with the crisis after nearly three months.
OPEC unity shattered as Saudi-led policy leads to no Limits
OPEC has abandoned all pretense of acting as a cartel. It’s now every member for itself.
The party is over for oil
When oil prices started taking off in 2004, it was part of the same “commodity supercycle” that sent prices of so many other commodities spiraling up. Oil stayed at the party longer than anyone else but now, the party is over.
Oil slumps to near seven-year low on OPEC inaction, dollar
Crude oil futures tumbled to their lowest in nearly seven years on Monday after OPEC failed to address a growing supply glut, while a stronger dollar made it more expensive to hold crude positions.
Paris climate change talks yield first draft amid air of optimism
Negotiators paving the way for a global climate change agreement in Paris have cleared a major hurdle, producing a draft accord in record time and raising hopes that a full week of minister-led talks can now clinch a deal despite many sticking points.
