Gas prices falling just in time for Fourth of July weekend
At a time of year when motorists expect gas prices to rise, prices have actually been falling, just in time for the Fourth of July when many will be hitting the road.
How Volkswagen owners can get compensation from the emissions scandal settlement
Here’s what VW owners need to know about buyback options.
American drivers regain appetite for gas guzzlers
The single most effective action that most Americans can take to help reduce the dangerous emissions that cause climate change? Buy a more fuel-efficient car. But consumers are heading in the opposite direction.
Oil prices plunge as Britain votes to leave EU
Oil prices fell about 5 percent in New York’s morning trade on Friday after Britain’s vote to leave the European Union led to huge risk aversion and rally in safe havens like the U.S. dollar that could derail a three-month long recovery in global oil markets.
Saudi Arabia declares cease-fire in oil war
The new Saudi oil minister, Khalid Al-Falih, says the oil glut is over. That means the kingdom’s war against U.S. shale producers is coming to an end, too.
Drivers are a lot more responsive to high gas prices than we thought
Drivers are actually fairly good at postponing filling up to see if they go down again. And if they don’t go down, consumers will adapt their behavior to buy less gas.
What happens to oil if there’s a Brexit?
If the U.K. public votes to leave the European Union (EU) on Thursday, Societe Generale’s head of oil market research predicts the price of would fall — but not for long.
Do today’s low oil prices presage another spike?
Reduced capital investment and cancelled or postponed oil projects, combined with record-low drilling rig activity in the U.S. has many worried that renewed market tightness is inevitable, if not approaching.
Ethanol, bioenergy no threat to food security: report
Bioenergy produced from crops does not threaten food supplies, researchers funded by the U.S. government, World Bank and others said in a report, dealing a potential blow to critics of the country’s biofuels program.
Nobody wants to wear the oil crown that makes OPEC richer
The world’s biggest oil importer. The title nobody wants. For decades the U.S. held undisputed rights to the crown. Last year, China squeaked ahead for the first time amid growing demand and as rising U.S. shale production displaced overseas deliveries.
