Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said.
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About Fuel Freedom Staff
The staff of the Fuel Freedom Foundation, based in Irvine, Calif., curates content for our sections called FFF in the News and What’s the Buzz?
Entries by Fuel Freedom Staff
When the Trump Administration announced its plans to roll back fuel economy standards, one of the arguments made was that cleaner cars would result in more accidents and deaths on American roads.
There has hardly been a regulation more likely to land in court than the Safer Affordable Fuel Efficient Vehicles Rule (SAFER), proposed by the EPA and NHTSA to freeze increases in fuel economy standards passed by the Obama administration.
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
“Black gold” has gotten a boost, as OPEC has had limited supply for the better part of two years, and Saudi Arabia has taken the brunt of those cuts to support the Saudi Aramco IPO.
How far and how long gasoline prices will fall, of course, depend on crude prices, which have rallied this week as supplies appear to tighten.
Air pollution could be more damaging to our health than previously thought, according to a new study, which found that prolonged exposure to dirty air has a significant impact on our cognitive abilities, especially in older men.
A Department of Interior official who oversaw last year’s drive to shrink two massive national monuments in Utah has left the department to join BP’s government affairs team, a spokesman for the energy giant confirmed Monday.
The first thing you have to know is that CAFE sets different fuel-economy standards for vehicles of different sizes.
More Americans are in favor of strengthening U.S. fuel economy standards, a new study says, as President Donald Trump moves to ease the requirements for automakers.