Month: April 2020

Oil markets drowning in glut as storage dwindles

Covid-19’s impact on oil market prices has been brutal. More than three-quarters of the world’s oil storage capacity (76%) is already full, spiking the rental costs of storage facilities.

Cheaper and cleaner alternatives to coal electricity

Not only will wind and solar plants be cheaper to build than running existing coal-fired power stations, it is expected that renewable power would cost less than electricity from existing coal plants by 2030.