The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. SEE MORE The dollar strengthened on Thursday, once again hitting the highest in almost a year, as investors continued to fret about the outlook for global trade. European equities drifted alongside U.S. futures, while emerging-market stocks slid. SEE MORE BASF Venture Capital GmbH is to invest in LanzaTech, a biotech company headquartered in Chicago, Illinois. Using special microbes, LanzaTech has developed a technology for gas fermentation that first enables ethanol to be produced from residual gases containing carbon monoxide and hydrogen. SEE MORE The U.S. Energy Information Administration has released the June edition of its Short-Term Energy Outlook, maintaining its May prediction that ethanol production will average 1.04 million barrels per day in 2018 and 2019, up from an average of 1.03 million barrels per day in 2017. SEE MORE EU negotiators informally agreed on a non-binding 32.5% energy efficiency target for 2030, with a 2023 upward review clause late Tuesday, effectively closing debate on a key part of the European Commission's November 2016 clean energy package proposals. SEE MORE