OPEC likely to agree on production increase next week, survey shows
OPEC will probably overcome internal disputes to agree on a production increase next week to temper rallying prices, according to a Bloomberg survey.
Archive for year: 2018
America’s oil imports are higher than you think
It seems like every day there’s a new headline about the dominance of America’s petroleum sector. Read more →
Gas price jump pushes consumer prices up 2.8% annually, highest rate in 6 years
U.S. consumer prices rose 0.2% in May, with surging gasoline costs driving much of the increase.
There’s a better answer than electric cars
If a paper published on Thursday correctly estimates the cost of extracting carbon dioxide from the air, regulators could do better to concentrate on that technology rather than on forcing vehicle electrification.
Heat-trapping carbon dioxide levels in air hit another high
The National Oceanic and Atmospheric Administration said Thursday that carbon dioxide levels averaged 411.25 parts per million in May at the federal Mauna Loa observatory in Hawaii, up from 409.65 a year ago.
Pope Francis tells oil execs, investors that ‘energy use must not destroy civilization’
“Civilization requires energy, but energy use must not destroy civilization,” the pope told the more than two-dozen leaders at the event.
U.S. still subsidizing fossil fuels to tune of $27 billion
New research has shown that the United States continues to subsidize the production and consumption of fossil fuels to the tune of $27 billion, despite repeated pledges since 2009 to phase out fossil fuel subsidies.
Ted Cruz says imperiled biofuel overhaul plan isn’t dead
A day after a tentative agreement to overhaul U.S. biofuel policy appeared to collapse amid farm-state concerns, EPA chief Scott Pruitt met to discuss the issue with the lead senator pushing for the changes: Ted Cruz.
What automakers need to do to keep moving forward
The industry has once again reached the lowest levels yet in both smog-forming and global warming emissions from new vehicles. Unfortunately, this record-setting trend in progress also shows some indications of slowing down.
OPEC and Russia want higher oil prices
They have made that abundantly clear. So it is by no means a given they will cut production at the meeting at the end of June.
