"Oil Cut Deal Faces Multiple Challenges"
"Oil prices have rallied from their recent lows in anticipation of an agreement being reached this week on massive production cuts to offset the collapse in demand caused by the coronavirus pandemic."
"Oil prices have rallied from their recent lows in anticipation of an agreement being reached this week on massive production cuts to offset the collapse in demand caused by the coronavirus pandemic."
"It was Wednesday, March 11, when life began to turn upside down for Lee Householder and his 42 employees at Project:Homes, a nonprofit that does energy efficiency retrofits in Virginia."
"The nation's largest source of energy jobs — the energy efficiency sector — is experiencing mass layoffs from the coronavirus as utility and state programs shut down across the country, according to contractors and industry representatives."
"Oil faces a critical week as Saudi Arabia, Russia and other global producers work frantically to secure a deal aimed at stemming the crash in oil prices. The former partners-in-cuts traded barbs over the weekend over who’s to blame for crude’s crash, which led to a virtual meeting being re-scheduled for April 9."
"A Canadian company said Monday that it’s started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border, despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic."
"President Trump, who met last week at the White House with oil company executives and lawmakers, said over the weekend he'd wield tariffs if needed to protect the oil industry, which is reeling from a global glut in supply."
"The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas prices."
"Fossil fuel production and agriculture may be causing the acceleration in pollution levels."
"Senate Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) sent a letter to Treasury Secretary Steven Mnuchin asking him to ensure that U.S. oil and gas companies can get federal loans provided for businesses in the coronavirus stimulus package."
"The Bureau of Land Management is considering industry-driven requests to lease tens of thousands acres for oil and gas development near Arches and Canyonlands national parks."