Edition:
India

Stephanie Kelly

Oil falls on demand concerns, posts second monthly decline

1:17am IST

NEW YORK Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption.

Factbox: Unresolved biofuel policy issues facing the next U.S. president

30 Oct 2020

NEW YORK Both U.S. President Donald Trump and his Democratic challenger Joe Biden have tried to clinch rural votes ahead of the election by voicing support for corn-based ethanol.

Drop in leisure driving stalls global recovery in fuel demand

28 Oct 2020

NEW YORK Brandon Thompson was planning on making an eight-hour drive this year from his home in Iowa to Ann Arbor, Michigan, to see his favorite college football team play. Then the pandemic hit.

U.S. EPA considering E15 labeling changes at gas pumps: sources

27 Oct 2020

NEW YORK The U.S. Environmental Protection Agency is considering changes to labels for gasoline containing higher blends of ethanol, or E15, in an effort to appease the biofuel industry's concerns that current labels discourage use of the fuel, according to four sources familiar with the matter.

Pacific Ethanol to change name to reflect pivot away from fuel ethanol

27 Oct 2020

NEW YORK Pacific Ethanol Inc will change its name to reflect its focus on specialty alcohols used in alcoholic beverages and sanitizers rather than on fuel ethanol, the company said on Monday.

Oil drops 3% as virus infections, Libyan oil output rebound

27 Oct 2020

NEW YORK Oil prices fell more than 3% on Monday, extending last week's losses as coronavirus cases continued to surge in the United States and Europe, while Libya's rebound in crude production raised fears of oversupply.

Republican senators ask EPA not to boost refinery biofuel obligations in 2021

22 Oct 2020

NEW YORK A group of U.S. Republican senators asked the Environmental Protection Agency on Wednesday to consider a general waiver that would prevent an increase in biofuel blending obligations next year for oil refiners hit by a collapse in fuel demand because of the coronavirus pandemic.

Oil dips after OPEC+ meeting as Libyan supply boost weighs

20 Oct 2020

NEW YORK Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya's plan to boost output, but hopes for a U.S. fiscal package lent some support.

World News