Wilmington --

DelDOT announces to motorists that the right lane and shoulder will be closed on I-95 southbound and Ramps on I-95 for soil boring samples to be drilled to evaluate the geotechnical subgrade for the Rehabilitation of I-95 from I-495 to north of Brandywine River Bridge project.

Variable message boards will be posted to notify motorists of the upcoming lane and ramp closures.

Motorists should be aware that construction personnel and equipment will be operating in close proximity to the travel lanes and anticipate lane shifts. [More]

For a country that depends on imports to meet 85% of its crude oil requirement, the benign prices of the commodity will also have another beneficial outcome as reduced subsidy bills.

Meanwhile, domestic consumption of petroleum products in FY20 remained flat at 213.7 MT as sales of transportation fuels plummeted in March amid the country-wide lockdown.

Amid the Covid-19 / coronavirus lockdown, BMW Group India also announced that existing BMW or MINI Service Inclusive package or warranty extension holders will be getting free sanitisation of the car instead of the engine oil service.

Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.

Pradhan did not elaborate on the policy reforms planned. The BJP-led government had in October 2014 evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to determine the price in a net importing country. Prices using this formula are calculated semi-annually.

As credit risk funds may see redemption pressure because there are no takers for lower-rated paper, investors can opt for liquid and overnight funds.

Low oil prices will have a positive impact on glass manufacturing, transport, industrial power, plastics, lubricants, petrochemical, , FMCG, paint, rubber & tyre manufacturing companies

The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.
Read Full Article at RT.com

Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief.
Read Full Article at RT.com

Worried microfinance industry feels that if the “irregularity and delay” in loan repayments get longer, then there would be a major problem for every player — small, medium and large.

The IPL is slated to start on March 29 with the opening match between the Mahendra Singh Dhoni-led Chennai Super Kings and Rohit Sharma-led Mumbai Indians in what is arguably the clash of the titans at the Wankhede stadium in Mumbai.

Sharply falling oil prices are a boon to airlines, saving billions of dollars in monthly fuel bills...

Silicon Valley has lately come to the realisation that it is not the meritocracy it has long pretended to be...

Assets of top oil funds quadruple to $5.4 bn since July, Contango structure trims gains through roll costs

The biggest palm oil producers stepped up lobbying in Brussels to defend its future in the European market.

The regulatory norms with respect to provisioning and asset recognition are uniform for Indian banks’ domestic and foreign exposures.

Building the infrastructure for a low carbon future will require oil. While a long term decline for oil’s central place in energy use seems inevitable, we need to ensure that our oil sector continues to contribute to the national economy

tock markets snapped a three-day losing streak Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment.

il prices slid and world equity markets see sawed Wednesday as investor hopes for a pickup in business activity were weighed against downbeat economic data and low fuel demand highlighted by a rise in U.S. crude stockpiles to three-year highs.

The U.S Supreme Court's experiment in conducting oral arguments by teleconference this week - a change forced by the coronavirus pandemic - went rather smoothly right up until what sounded...

Clemson softball players were upset their inaugural season ended due to the coronavirus pandemic, but they will remember it for starting traditions.

Miriam Gozalo is an electrification project development manager at BP, one of the largest oil and gas companies in the world. Her work is squarely focused on the energy transition. Read what she has to say about her role working on ultra-fast electric vehicle charging stations in a company that most people associate with drilling rigs and gasoline.

An Abu Dhabi-based company that builds drilling platforms for oil giant Saudi Aramco plans to diversify into renewable energy by supplying gear for offshore wind farms.

Last week, the Hawaiian Electric Companies began Hawai‘i’s largest procurement effort for renewable energy resources to end the use of coal and reduce reliance on imported oil for power generation, moving the state closer to its goal of using 100 percent renewable energy by 2045.

Two of America’s biggest solar-farm owners are warning that a patent dispute between panel makers could roil a sector already shaken by President Donald Trump’s import tariffs.

Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products.

Renewables energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy.

IEA report reveals that more than US $750 billion went to the electricity sector while US $715 billion was spent on oil and gas supply globally as the world continues on the path to electrification.

Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.

Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products.

Renewables energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy.

Miriam Gozalo is an electrification project development manager at BP, one of the largest oil and gas companies in the world. Her work is squarely focused on the energy transition. Read what she has to say about her role working on ultra-fast electric vehicle charging stations in a company that most people associate with drilling rigs and gasoline.

Last week, the Hawaiian Electric Companies began Hawai‘i’s largest procurement effort for renewable energy resources to end the use of coal and reduce reliance on imported oil for power generation, moving the state closer to its goal of using 100 percent renewable energy by 2045.

The rapid development of rooftop solar and battery storage technology could be as transformative to the economy and modern life as the U.S. oil and gas boom, Energy Secretary Ernest Moniz said.

Though likely impossible to find anyone in the climate justice or environmental community to say that any sitting U.S. senator — Republican or Democrat — has been an adequate leader on the issue of global warming, 28 Democrats (and two Independents) were garnering soft applause for their overnight effort on Monday into Tuesday as they pulled an all night session focused exclusively on climate change.

While OPEC is helping drive down global prices for crude, it’s having less success squeezing the $250 billion clean power industry.