Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices.
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States.
General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S.
Despite pressure to lower the amount of ethanol blended into the U.S. fuel supply, the Environmental Protection Agency (EPA) has boosted its proposed ethanol volume for 2017.
Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
The EPA has proposed to leave in place its emissions standards for light vehicles through 2025, a move that’s likely to be opposed by automakers seeking relief from rules that they say are challenging and costly.
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years
Since the Arab Oil Embargo four decades ago, every president has promised to wean the United States off the need for foreign oil.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.
Oil hits 16-month high in buying rush after OPEC agreement
Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices.
OPEC has kept oil markets on a roller coaster — and that’s not likely to change
Oil traders hung on OPEC’s every word in 2016, and this year the market could be in for more of the same.
Here’s why the OPEC oil rally is likely to be short-lived
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States.
GM’s ready to lose $9,000 a pop and chase the electric car boom
General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S.
Fmr. Shell Oil president on what OPEC deal means for the U.S.
Former Shell Oil President John Hofmeister on the fallout from OPEC to cut crude oil production.
EPA boosts required 2017 ethanol volume above expected level
Despite pressure to lower the amount of ethanol blended into the U.S. fuel supply, the Environmental Protection Agency (EPA) has boosted its proposed ethanol volume for 2017.
Toyota chief shifts gear, to boost electric vehicle division
Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
EPA stands by 2025 emissions standards
The EPA has proposed to leave in place its emissions standards for light vehicles through 2025, a move that’s likely to be opposed by automakers seeking relief from rules that they say are challenging and costly.
OPEC agrees to cut production in drive to end record glut
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years
Why Trump needs to embrace Obama’s fuel rules to make America energy independent
Since the Arab Oil Embargo four decades ago, every president has promised to wean the United States off the need for foreign oil.