While there has been no indication that Iran was prepared to go through with the warning, such a move would likely be catastrophic for the region and global energy prices.
Exxon’s algae biofuel initiative is, in many ways, a lobbying tactic, claims Ed Collins, a research analyst at U.K.-based nonprofit InfluenceMap.
The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure.
Iran’s foreign minister has said the United States will not be able to prevent the country from exporting oil.
Crude across the globe is being used up faster than it is being replaced, raising the prospect of even higher oil prices in the coming years.
Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.
Most of these electric vehicles are supposed to be on the road by 2022. It won’t help the company. It has serious brand issues that it must overcome, and it’s hard to see how it will
The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure.
U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock.
The NRDC calculates that the change will have the net effect of reducing the average real world fuel economy of American automobiles by about 8 miles per gallon in 2025 relative to what it would be if Obama era standards were kept in place.
