60 reasons Trump worries about pump prices
Pushed by the tweeter-in-chief, Saudi Arabia has executed a supertanker-size U-turn, pushing barrels back onto the market.
Pushed by the tweeter-in-chief, Saudi Arabia has executed a supertanker-size U-turn, pushing barrels back onto the market.
Saudi Arabia’s representative to OPEC on Thursday said the kingdom’s oil exports will be little changed this month, a blow to President Donald Trump, who is depending on his allies in Riyadh to put more barrels on the market to tame fuel prices.
Germany has said 1,050 owners of the Tesla Model S must forgo a 2,000 euro electric car subsidy because the value of their vehicles surpasses an eligibility threshold.
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter.
U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, introduced legislation in the Senate that’s aimed at allowing the government to bring lawsuits against OPEC members for antitrust violations.
A new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies predicted.
Automakers are crying foul after the Trump administration demanded information about their operations — including what some say is sensitive, proprietary information — as part of an investigation into whether to raise taxes on imported autos and auto parts.
The phrase “peak oil” was coined to explain when the world’s supply of oil would start running out. Over the past decade, however, the meaning has shifted from supply to demand—consumption of oil may dwindle out before resources do.
The study was conducted by AA, a British motoring group, which also says that myths around electric vehicles are keeping people from taking the plunge and going electric.
On July 1, Elon Musk went home to sleep. The chief executive of Tesla Inc. had been camping out at his electric car factory in Fremont, Calif., for much of the past week.