This is the week we show our respect and gratitude to veterans for their service to our country. But that sentiment doesn’t have to be reserved just for Veterans Day.
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.
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.
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
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
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.”
Sellers of crude to U.S. refineries that are still assessing the damage from Hurricane Harvey are seeking an alternative home for their supply.
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.
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.
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.