Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.
As Gov. Jerry Brown and legislative leadership aim this month to extend the state’s targets to reduce greenhouse gases and the program that funds the effort, the fight over spending has emerged as one of the most prominent sticking points.
No other policy has so effectively undermined the international oil cartel that seeks to profit from our dependence on oil.
A prospective EV buyer’s chances of having a good dealership experience at Tesla stores in California are strong. At other automakers’ dealers outside of the Golden State? Not so good.
Work on a 1,154-mile pipeline that would carry oil from North Dakota to Illinois was halted near the Missouri River, amid growing confrontations between members of the Standing Rock Sioux tribe and police guarding a construction site.
The U.S. Environmental Protection Agency, resisting lobbying from the trucking industry, unveiled tough new regulations to reduce carbon emissions from tractor-trailers and other long-haul trucks in support of a key policy goal of President Barack Obama’s administration.
How do you ride out low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently.
Actions speak louder than words. Nope, strike that and reverse it. Rhetoric from Saudi’s oil minister today is emphatically rallying crude prices, as Khalid al-Falih said Saudi would ‘take any action to help the market rebalance’.
For the first time since January 2014, the U.S. imported more crude oil last week than it produced, thanks largely to a surge in OPEC supply.
OPEC has cried wolf again, but there’s reason to believe that this time, the cartel is serious about constricting oil production. Which, of course, will send the price — and thus the price of gasoline — upward. And there’s nothing American drivers will be able to do about it.
