Wood-based biochemicals are renewable, recyclable, can shorten supply chains and boost local production. And they can be used to make almost anything. The future of wood is here. Soon all kinds of products – from bottles to de-icer to tyres – will be made from wood-based biochemicals, ushering in a new era of sustainability. It’s not a new idea. For years, if not decades, there has been discussion about how wood-based products could replace things made from fossil materials. Until now, this idea was mostly hypothetical. Now it is really happening.

National Average Price for Regular Unleaded Current: $3.692; Month Ago: $3.949; Year Ago: $3.191. National Average Price for Diesel Current: $4.977; Month Ago: $5.021; Year Ago: $3.299.

Futures dropped as much as 2.8 percent even after U.S. data on Thursday showed the nation’s crude stockpiles dropped by 6.3 million barrels, three times as much as expected. Investors remain doubtful that OPEC-led production cuts will clear a global glut, after Russia ruled out deepening the measures and Saudi Arabia showed less commitment than earlier in the year. “Oil remains volatile, unable to hold onto gains even after strong inventory draws in the U.S.,” said Jan Edelmann, an analyst at HSH Nordbank AG in Hamburg. “While the strong draws are a step in the right direction, multiple weeks of the same are now needed for the rebalancing.” Click Read More below for additional detail.