Bloomberg Indonesia, the world’s biggest palm oil producer and exporter, will push ahead with its ambitious biodiesel program even as prices of the tropical oil have soared, which could increase the costs of producing biofuel. The B30 program, which stipulates that fossil fuels must be blended with 30% palm oil, is still running as planned, said Dadan Kusdiana, director …

  Bloomberg Petrobras Chairman Admiral Eduardo Bacellar Leal Ferreira plans to step down after three years at the helm of the state-controlled Brazilian oil giant, citing personal reasons. “My family lives abroad and I want to be close to them,” Ferreira, who turns 70 in June, said by phone. Rodolfo Landim, the former chief executive officer of BR Distribuidora, is …

  Bloomberg The Netherlands unit of Chinese solar manufacturer Longi Green Energy Technology Co has been ordered by a Dutch court to stop selling some products because they infringe on patents held by a South Korean rival. The ruling affects sales in 11 countries, including Germany and France, and follows a lawsuit from Hanwha Solutions Corp, according to an exchange …