Researchers are now working with a rendered form of animal fat as a potential, sustainable alternative to fossil fuels.
Thanksgiving Pump Prices Are at the Highest in Four Years
U.S. oil prices plunged 7.1 percent on Tuesday, the most in three years, before recovering some ground later in the week.
Oil ended its 12-day run of declines amid signals that OPEC and allied producers are considering production cuts.
Oil fell for a 12th consecutive day in its longest losing streak on record.
Saudis to cut December sales; OPEC+ may need “new strategies”.
Most Americans to Travel Over Thanksgiving in 13 Years: AAA
Waivers allow China to purchase up to 360,000 barrels/day for the next six months, while India can buy 300,000/day from Iran.
Oil rallied as U.S. sanctions on Iran stoked concerns of a tightening market.
Oil is approaching a bear market with prices falling about 17 percent from a four-year high in October.
Oil tumbled 11% last month, the most since July 2016, as an equity rout & U.S.-China trade tensions concerns over economic growth.
Oil Extends Loss on Risks of Escalating Trade War, U.S. Supplies
Crude has slumped about 10 percent over the past three weeks to trade below $67 a barrel.
Oil steadied near the lowest level in two months as a rout in global equity markets abated.
Oil traded at the lowest level in more than a month after Saudi Arabia reiterated its plan to lift oil output.
Crude has fallen almost 10 percent after reaching a four-year high earlier this month.
Crude’s rally has staggered since hitting a four-year high earlier this month.
Oil Trades Below $70 as Stockpile Gain Counters U.S.-Saudi Row
Futures in New York climbed as much as 1.9 percent after posting the biggest weekly loss since May.
Prices headed for a 3.5 percent weekly drop, the most since July.
International Energy Agency warned higher prices may put the world economy at risk.