Bloomberg The International Energy Agency (IEA) bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound sharply over the next three months as economic activity resumes, the agency said in …

Bloomberg As much as $23 billion in capital needed for US clean energy projects could dry up amid the economic fallout from the coronavirus pandemic — threatening the growth of renewables into next year. That represents as much as 31 gigawatts of solar and wind projects that may be seeking tax-equity investments over the next 18 months, according to a …

Bloomberg American Airlines Group Inc will notify 25,000 employees, or 29% of its US workforce, that they’re at risk of losing their jobs later this year as the carrier adjusts to a collapse in travel. The cuts are needed because the coronavirus pandemic is still battering demand for flights, the company told employees. The reductions would take effect after restrictions …