Iran is trying to regain its lost share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are lifted from its economy, Oil Minister Bijan Namdar Zanganeh said.
Volkswagen played a leading role in convincing people to accept a technology that in many countries is causing a precipitous decline in air quality for millions of city-dwellers: the diesel engine.
The Justice Department has filed a federal lawsuit against Volkswagen, Audi and Porsche that seeks billions of dollars in penalties over claims that the car companies installed devices to deliberately misreport emissions.
Oil prices could break below $20 this year as tensions rise between Iran and Saudi Arabia, two of the world’s largest oil players, Again Capital founding partner John Kilduff said Monday.
Oil prices rose sharply on Monday before reversing course amid a growing sectarian conflict between Saudi Arabia and Iran.
Americans love choice. Whether it’s deciding what kind of car we drive, what type of food we eat for dinner, or which smartphone we use, there’s an abundance of choices. In fact, our country was even built on the premise of being able to choose what religion you practiced.
Plunging oil prices that may bring U.S. holiday travelers $1.6 billion in fuel savings remain a mixed bag in Houston, which will share in that gift even as forecasts portend a bleak Christmas and uncertain New Year for the city’s oil industry.
Oil prices have now fallen below $35 for the first time since 2007, but experts say low oil prices may serve the terrorist network’s goals.
You may not have noticed it on your heating bill yet but oil isn’t the only fossil fuel that is getting cheaper these days.
The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report released Wednesday.
