Are the days of low oil prices receding?
Oil prices rose on Monday, fueled by jitters about a disruption in supplies after government forces in Iraq moved on the Kurdish-held city of Kirkuk and on oil installations seized by the Kurds in 2014.
Ford CEO Jim Hackett’s plan to Wall Street: Fewer models, more electric cars
The company plans to reduce the number of Ford models but it did not say how many or which ones. And it intends to substantially ramp up its shift away from gas engines into electrification and connected cars, as well as autonomous cars.
How much does a gallon of gas actually cost?
Gas is cheap, right? Last year the national average at the pump was a paltry $2.25/gallon. That means if you had a 12-gallon gas tank, you could fill up for less than $30. Gas this “inexpensive” should bring huge benefits to American families. Read more →
Trump will be hard-pressed to get allies to stop buying Iran’s oil
The Trump administration wants to ratchet up economic pressure on Iran, but unless it can persuade skeptical governments in Europe and Asia to join the effort, it will be forced to use unilateral measures that would probably prove ineffective at choking Tehran’s economy
ISIS still stealing, spilling and smuggling oil throughout Iraq
While ISIS is steadily losing its hold on populated areas, it still controls a not-insignificant portion of territory that contains oil and oil infrastructure.”
Oil for U.S. hawked to others as storm snarls flows of crude
Sellers of crude to U.S. refineries that are still assessing the damage from Hurricane Harvey are seeking an alternative home for their supply.
Gas shortage shifts from Texas to Florida
Truckers who hauled gasoline to Texas last week from Florida may run the same route in reverse next week as Hurricane Irma bears down on the Sunshine State.
A war with North Korea could send oil prices skyrocketing
An open military conflict in Northern Asia would disrupt more than a third of global seaborne crude oil trade, Wood Mackenzie warned last week amid yet another escalation between North Korea, its neighbors, and the U.S.
Report: Oil fading as an energy source because of electric vehicles
However: The pace at which the energy sector shifts to a low-carbon model isn’t fast enough to stave off the impacts of climate change, consultant group DNV GL found.
Gasoline prices jump in Harvey’s wake
Gasoline prices surged to a two-year high at the pump Thursday after the owner of the largest pipeline in the U.S. reported that shipments are being sharply curtailed, spreading the economic pain from Hurricane Harvey throughout the nation.
