What’s The Buzz?
The Energy Information Administration (EIA) released its most recent Short Term Energy Outlook (STEO), and the forecast now calls for record U.S. gasoline consumption this year:
Abengoa celebrated the grand opening of the Hugoton plant in October 2014. In December 2015, the company reportedly laid off staff at the facility, citing financial difficulties as the reason for its action.
Oil from a Husky Energy pipeline spilled into the North Saskatchewan River upstream from Maidstone, Sask.
For any other company, this would be the time to bear down, eliminate distractions, and narrow its focus to a few core goals. For Tesla, of course, it’s just the opposite.
Federal officials are trying to determine whether bolts used on undersea oil and gas equipment are at risk of breaking and creating a “catastrophic failure” similar to the scale of BP’s Deepwater Horizon spill six years ago.
Volkswagen’s plan to fix most of its 2-liter diesel engines that cheat on emissions tests includes a computer software update and a larger catalytic converter to trap harmful nitrogen oxide, according to two dealers who were briefed by executives on the matter.
One of the biggest mysteries in the oil market resides in the war-torn nation of Libya.
Move over Tesla, the 1970s is here and it wants its legacy back. The headline isn’t wrong; the car above really is the fastest road-legal electric vehicle in the world.
The bank said it now sees oil prices averaging $85 a barrel by 2019, slightly higher than its prior view and one year ahead of its last assessment in October.
Canadian oil transport giant Enbridge has reached a $177-million settlement with the U.S. Justice Department and Environmental Protection Agency over 2010 oil spills in Marshall and Romeoville, Ill.