A member of the commission that oversees Texas' oil production spoke Friday with OPEC Secretary-General Mohammed Barkindo.
Why it matters: The extraordinary chat between Barkindo and the Texas Railroad Commission's Ryan Sitton underscores the unprecedented upheaval in global oil markets and the collapse in prices.
Tesla said it has enough resources to deal with an "extended period of uncertainty" as the electric automaker announced it will suspend production at its California factory.
Why it matters: Tesla can't be untethered from the future of electric vehicles, especially not in the U.S., where it dominates sales and plays a big role in pushing the sector closer to the mainstream.
The potential for new U.S. responses to the oil price collapse has seemingly grown — enough to send prices back upward, even though it's all inchoate and fluid right now.
Driving the news: President Trump says he's eyeing some kind of intervention in the oil price war between Russia and Saudi Arabia, telling reporters yesterday that he would get involved "at the appropriate time."
As millions of humans stay home around the world, pollution is alleviating — temporarily.
Why it matters: Images of clear skies over China and California, or fish swimming in in Venice’s canals, are a glimpse of what it might look like if we took better care of the Earth. But, as much as people seem to love sharing those images now, none of it's likely to last.
President Trump said Thursday he's eyeing intervention in the oil price war between Russia and Saudi Arabia, a dispute that combined with COVID-19's economic toll is pushing prices sharply downward and creating financial jeopardy for U.S. producers.
At the appropriate time, I will get involved, yes.
Renewable energy industries and some Democrats have begun efforts to ensure the economic response to the coronavirus outbreak helps a sector that's suddenly facing strong headwinds.
The state of play: The industry has already had discussions with lawmakers' offices about how to proceed, Axios has learned.
The oil-and-gas giant Total said Thursday it's acquiring an 80% stake in a planned floating wind project off the coast of Wales.
The state of play: Total said the deal with the developer Simply Blue Energy will make it one of the "first movers in this technology in the UK, the world’s largest offshore wind market."
