Oil prices hit $71/barrel on Tuesday due to OPEC’s supply cut pact and growing tensions between Saudi Arabia and Iran. As the session continued, oil prices retreated and settled in close to Monday’s values. Apache [Read more]
The head of Hyundai’s union says he is concerned that electric cars will kill jobs because they don’t require engines and transmissions. Electric cars “evil”, according to union head The head of Hyundai Motor’s union [Read more]
After oil prices rose over one-third in the past year, a number of large US shale oil companies have either paid dividends or vowed to pay dividends to their shareholders this year, according to Reuters. [Read more]
Oil prices dipped in Monday trading as investors took profits from last weeks gains, however, concerns over tensions involving Saudi Arabia and Iran supported the oil market. Anadarko photo. Brent oil prices gained 6.4 per [Read more]
French President Emmanuel Macron (left) made his remarks concerning an EU carbon price while at a conference in Brussels, ahead of a summit of EU leaders. Emmanuel Macron Twitter photo. EU carbon price would tax goods [Read more]
Oil prices hit their highest level since late January on Friday after Saudi Arabia’s energy minister said the OPEC cuts need to be extended into 2019. Anadarko photo. Oil prices hit session high of $70.22/barrel [Read more]
The US LNG industry is concerned the Trump tariffs and a possible trade war with China could make American projects less attractive. Cheniere Energy photo. Trump tariffs could curb new US LNG developments According to [Read more]
The only way to deal with climate change is through collaboration, according to Shell CEO Ben van Beurden. During the first annual Elsevier Economics Lecture, he argued that everybody has their role to play in [Read more]
Brent spreads have been gradually moving from contango to backwardation since early 2015 or early 2016 as the oil market has gradually rebalanced after the slump in 2014/15. Shell photo. Brent calendar spreads the most [Read more]
Oil prices almost hit $70/barrel earlier in the session, but dipped slightly as investors took profits following the week’s rally. Anadarko photo. US oil prices down about 1 per cent Thursday Oil prices fell slightly [Read more]
Oil prices rose as tensions in the Middle East escalated following a meeting between Saudi Arabia’s Crown Prince Mohammed bin Salman and US President Donald Trump on Tuesday, raising speculation that sanctions against Iran could [Read more]
In February, compliance among producers participating in the OPEC supply cut agreement hit a record high of 138 per cent, up from January’s high of 133 per cent. Anadarko photo by Mike Goldwater. OPEC supply [Read more]
The reality is that we’re still in the nascent stages of autonomous vehicle technology and streets are inherently dangerous places. There is no established algorithm for all scenarios. Tempe, Arizona Police Department photo. Uber autonomous [Read more]
In every case of new technology, safety lessons have been learned through a painful process of trial and error that has unfortunately cost lives and self driving vehicles will be no different. By John Kemp [Read more]
A self-driving Uber car struck and killed a woman in Tempe, Arizona Sunday evening. Studio East/Getty Images photo. Toyota says it will pause testing of autonomous vehicles after fatality On Sunday evening, a pedestrian was [Read more]
Arctic Alaska oil production dropped this winter due to warmer than expected conditions. Higher temperatures impacted equipment which is designed to work in frigid conditions. Arctic Alaska oil production dropped the most in Prudhoe Bay [Read more]
Oil prices rose on Tuesday, but receded slightly during the day. Middle East tensions and the possibility of a further drop in Venezuelan crude production underpinned prices. Anadarko photo by Mike Goldwater. Oil prices rise [Read more]
The liquidation of bullish positions shows no sign of accelerating. There are no signs of significant fresh short selling. And hedge funds positioning remains exceptionally lopsided. Anadarko photo by Mike Goldwater. By John Kemp LONDON, [Read more]
A nuanced look at energy subsidies, politicians’ favorite policy tool. Photo by Jo Ann Lawrence. Posted by the Energy Institute at Haas Energy Institute Blog on Monday, March 19, 2018. Looking at leveling the playing [Read more]
In four years’ time, McLaren expects half of its fleet will be hybrid, but the sports and luxury car maker says it has no plans to build an all-electric vehicle, despite industry trends. McLaren photo. [Read more]
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