Bloomberg Brazil’s two largest fuel distributors declared force majeure on purchases of ethanol as the coronavirus pandemic hammers demand in Latin America’s largest economy. The Raizen venture owned by Royal Dutch Shell Plc and Cosan SA sent a letter to suppliers invoking the clause for both anhydrous ethanol that’s blended in gasoline and the hydrous variety used directly in cars, ...

Bloomberg Pioneer Natural Resources Co and Parsley Energy Inc are asking Texas oil regulators for an emergency meeting to consider curbs on state output as a collapsing oil market envelops the nation’s biggest crude-producing state. Jointly signed by the chief executives of both companies, the letter seeks a virtual meeting among the three-member Texas Railroad Commission no later than April ...

Bloomberg What was meant to be a year that blew the wind energy industry well past its previous record for installations will more likely pass with gains that are merely solid. Developers are set to boost capacity by 9% this year to 66,422 megawatts, according BloombergNEF. That’s scaled back from the 24% expansion the London-based research arm of Bloomberg LP ...