There will be pandemonium: The end of the old oil order has already begun
It is hard to overstate the significance of the Doha debacle. At the very least, it will perpetuate the low oil prices that have plagued the industry for the past two years.
Oil jumps 2 percent despite glut, hits 2016 peak
Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high U.S. crude inventories and relentless pumping by major producers.
Exxon Mobil loses top credit rating for first time since 1930
Exxon Mobil Corp. was demoted from the top credit rating by Standard & Poor’s for the first time since the Great Depression as the collapse of the biggest oil-market rally in history strangled cash flows.
Saudi Arabia approves economic reform program
Saudi Arabia, crimped by low crude prices, approved Monday a long-term blueprint for the kingdom’s economic transformation aimed at reducing its dependence on oil.
Volkswagen reaches deal in U.S. over emissions scandal
Volkswagen agreed on Thursday to fix or buy back nearly 500,000 diesel cars in the United States that are equipped with illegal emissions software.
OPEC to resume talks on production freeze
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June to reach an agreement on freezing oil output, Iraq’s governor to OPEC said just days after politics thwarted a deal to cap production and curb the global glut.
While U.S. plug-in sales were flat last year, rest of world soared
After four years of steady growth, U.S. plug-in electric car sales were essentially flat last year. Low gas prices and increased demand for SUVs had a dampening effect on the segment, which still accounts for a very small fraction of U.S. new-car sales.
Low oil prices don’t cut into U.S. production by much
When a commodity costs more to produce than the current market price, producers usually stop producing it. But when it comes to U.S. crude, a global crash in prices hasn’t been matched by deep cuts in production.
Busted: State budgets feel fracking crash
Check out the ugly budget messes this spring in some of the nation’s top oil and gas fracking states, which are now contending with humongous revenue losses as oil and gas prices languish.
Can economies rise as emissions fall? The evidence says yes
In the United States, the decoupling of emissions and economic growth was driven chiefly by the boom in domestic natural gas, which when burned produces about half the carbon pollution of coal.
