- OPEC+ Agrees to Redistribute Oil Cuts Under Saudi Pressure December 6, 2019By Grant Smith, Annmarie Hordern, Laura Hurst and Nayla Razzouk Dec 6, 2019 (Bloomberg)OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden.The group, which pumps more than half the world’s oil, agreed in Vienna on Friday […]
- A $39 Billion Wind Company Bets Hydrogen Is Key to Climate Goals December 6, 2019By Will Mathis (Bloomberg) One of the world’s biggest developers of offshore wind farms thinks its massive turbines could be key to the production of hydrogen in a greener way and ultimately, stemming climate change.Over the past decade, offshore wind has pushed from a frontier technology to a multi-billion-dollar industry that provides green power cheap enough to […]
- Oil Near $58 as Traders Await Details on How OPEC+ Shares Cuts December 6, 2019By Heesu Lee and Alex Longley Dec 6, 2019 (Bloomberg) Oil traded near $58 a barrel as the market awaited crucial details on how OPEC+ will distribute cuts among its members.Futures slipped 0.3% in New York having been whipsawed throughout the previous session after six hours of fraught OPEC ministerial talks. The group agreed to adjust its output […]
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