South America

US Biofuel Makers Are Stuck in a Slump While Waiting for Trump Policy
The White House is gearing up to finally announce its new rules on biofuel blending, critical support for the industry that’s underpinned American farming over the past two decades. But for some producers of diesel made from soybeans, the move won’t be enough to rescue them from a months-long downturn that’s led to plant closings and layoffs.

Venezuela Plans a 50% Fuel Hike as It Braces for Revenue Slump
Venezuela’s government is laying the groundwork for a 50% hike in fuel prices at the pump as it braces for a decrease in revenues after US oil major Chevron and other oil firms halted work in the country.