(Wed, 17 Feb 2016) EIA's weekly survey of diesel prices shows that the U.S. average retail price for on-highway diesel fuel was $1.98 per gallon (gal) on February 15, falling below $2/gal for the first time since February 14, 2005. The U.S. average retail diesel price had last approached, but not gone below, the $2.00 mark in early 2009. Falling diesel prices reflect both decreasing crude oil prices and increasing inventories of crude oil and refined products.
SINGAPORE, Feb 17 (Reuters) - Crude oil futures rebounded on Wednesday on investor hopes that a deal between Saudi Arabia and Russia to freeze oil output at January levels would lead to a wider pact among producers that could eventually see production cuts to support prices.
WASHINGTON, Feb 16 (Reuters) - A U.S.
BRASILIA/SAO PAULO, Feb 16 (Reuters) - Brazilian state-run lenders are considering converting part or all of their outstanding loans to Petróleo Brasileiro SA into equity in a bid to help the embattled oil producer, two sources familiar with the plan told Reuters on Tuesday.
SINGAPORE, Feb 17 (Reuters) - U.S.
India’s installed solar capacity will probably cross the 9 gigawatt threshold by March, bringing the country closer to Prime Minister Narendra Modi’s ambitious renewable energy targets, according to a government website.
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.