The U.S. is giving its allies 180 days to extricate themselves from Iranian oil deals, making explicit its desire to start curbing the nation’s crude exports quickly in a bid to go after Tehran’s economic lifeline.
Hedge fund manager Kyle Bass thinks demand for oil is about to go up. “Crude is going to go from a glut to a shortage in the next two years.”
President Donald Trump’s broadside against foreign oil producers on Friday took investors by surprise and included some notable inaccuracies about the state of the oil market.
Two weeks after winning a victory against aggressive federal fuel economy rules aimed at speeding adoption of electrified vehicles, the U.S. auto industry went to Capitol Hill last week to press Congress for a national fuel octane standard that would help increase the efficiency of the internal combustion engine.
Oil prices jumped to their highest level since 2014 Wednesday, as worries about fighting in the Middle East spooked markets.
Are hybrid electric cars worth the money? It depends on the price of gasoline, according to data shared by the consultancy Avicenne Energy at the 2018 International Battery Seminar.
The U.S. National Highway Traffic Safety Administration (NHTSA) said late on Tuesday it was proposing to cancel a planned hike in higher “gas-guzzler” penalties for automakers whose vehicles fail to meet minimum fuel-economy standards.
What matters is the oil demand curve, which will be highly dependent not only on the level of transition to low carbon energy, but also on social factors such as concern for the polluting effects of petroleum-based plastics.
Energy independence has been a U.S. energy policy unicorn ever since the oil crises of the 1970s. However, true energy independence is not economically feasible or even desirable, owing to the globalization of crude oil markets
The oil industry is warning President Trump that steel tariffs could threaten America’s energy boom.
