Federal regulators granted the auto industry’s requests for relief today on two key areas of the U.S. government’s light-vehicle fuel economy program that had sparked new tensions between the administration and the industry.
The oil industry must brace for five energy “tsunamis” that threaten to drag prices as low as $10 a barrel in less than a decade, according to Engie SA’s innovation chief.
It was a roller coaster year for oil prices. And little wonder.
Fracking, it turns out, is a remarkably nimble industry—which perhaps, in retrospect, should not have been such a surprise.
The symbolism was obvious. GM, which is racing against Tesla to win the burgeoning market for lower-priced all-electric cars, delivered its first three Chevy Bolt EVs to a dealership in Fremont, California, on Tuesday. That’s the city that is home to an assembly plant that will soon start building Tesla’s all-electric car, the Model 3.
After hitting lows earlier this year, gasoline prices are on the march upward again and are poised to approach $3 per gallon in parts of the country in early next year following multiple deals to cut oil production, analysts said.
The International Energy Agency said Tuesday that it expects the global crude oil glut to start disappearing in the first half of next year, much earlier than it previously predicted.
A major auto trade group is making a last-ditch effort to block the U.S. Environmental Protection Agency from finalizing tough fuel economy standards through the 2025 model year.
Today we’re going to take a look at the boom/bust cycle infamous within the oil industry, and how it helps — and then hurts — state economies. Read more →
Oil traders hung on OPEC’s every word in 2016, and this year the market could be in for more of the same.
