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Biden's infrastructure plan aims to turbocharge US shift from fossil fuels The linchpin of Biden's plan, which he detailed in a speech Wednesday in Pittsburgh, is the creation of a national standard requiring utilities to use a specific amount of solar, wind and other renewable energy to power American homes, businesses and factories.
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Biden Tax Plan Challenges GOP Formula for Economic Growth The president sees public spending, rather than relying on businesses to turn tax cuts into investment, as the key to competitiveness.
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Biden's Push for Electric Cars: $174 Billion, 10 Years and a Bit of Luck Mr. Biden hopes to address many of those challenges through federal largess. He aims to lower the cost of electric vehicles by offering individuals, businesses and governments tax credits, rebates and other incentives. To address ...
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OPEC+ panel lowers oil demand growth forecast DUBAI/LONDON/MOSCOW (Reuters) - OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market's recovery as new coronavirus lockdowns take hold, a move that could strengthen the case for a ...
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Oil falls 2% as fresh lockdowns, demand concerns weigh on OPEC+ NEW YORK (Reuters) -Oil prices fell about 2% on Wednesday as fresh lockdowns in Europe stoked fuel consumption fears and a pessimistic demand outlook from OPEC and its allies ahead of their meeting to decide on production curbs. FILE PHOTO: A oil ...
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Oil prices mixed as US crude inventory draw supports, OPEC+ concerns weigh NEW YORK (Reuters) -Oil prices were mixed on Wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market's recovery after OPEC and its allies lowered their 2021 demand growth forecast. FILE PHOTO: A worker ...
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OPEC cuts, vaccines to sustain oil's recovery: Reuters poll (Reuters) - Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday. FILE PHOTO: A 3D printed oil pump jack is seen in ...
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Exxon Mobil signals better first-quarter earnings as oil prices climb (Reuters) - Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil and gas driving profits, the company signaled in a securities filing on Wednesday. FILE PHOTO: An ...
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Deliveroo Shares Stumble as Trading Begins: Live Updates No, Volkswagen is not renaming itself Voltswagen. Dozens of Black business leaders are calling on companies to fight laws making it harder to vote. The Suez Canal ...
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ConocoPhillips sees higher Q1 output, warns of profit hit from unwinding hedges (Reuters) -ConocoPhillips said on Wednesday its first-quarter results will benefit from higher oil prices and output, while warning of a $600 million profit hit from its recent acquisition of Concho Resources and related commodity price hedges. FILE PHOTO: ...
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