Bloomberg India’s southwest monsoon, which waters more than half of the country’s farmland and is crucial for economic growth, is expected to be normal this year, the weather office said. Annual rainfall during the June-September rainy season is likely to be 100% of the long-term average, Madhavan Nair Rajeevan, secretary of the Ministry of Earth Sciences, said.

Bloomberg One of the biggest Texas shale explorers warned it will halt all drilling if the state imposes Opec-style production caps, raising the stakes in a debate over a contentious proposal to arrest free-falling oil prices. The stark pronouncement from Diamondback Energy Inc’s finance chief stunned observers of the virtual hearing by the Texas Railroad Commission, which oversees oil output ...

Bloomberg The pain felt by Big Oil from the coronavirus-led plunge in demand may derail global efforts to cut pollution, the International Energy Agency (IEA) said. The slowdown and falling prices “undermines the ability of the oil industry to develop some of the technologies needed for clean energy transitions around the world,” said the Paris-based agency. The industry has repeatedly ...