If federal fuel economy rules aren’t weakened, US drivers could consume 1.2 million fewer barrels of gasoline per day in 2025 than today. That’s the projection of the Energy Information Administration (EIA), the energy statistics branch of the US Energy Department.
Electric cars will be cheaper much sooner than expected, with prices in Europe comparable with traditionally powered vehicles next year, according to a report from investment bank UBS.
Saudi Arabia and American shale oil companies remain in a battle for global dominance that has sparked a rare bout of financial trouble for the kingdom and forced it to think about life after oil.
On a recent Sunday evening, Samir Madani had dinner with his family in suburban Stockholm, did the dishes and put his two children to bed. Then he opened his laptop and started crunching U.S. oil import data late into the night.
As part of its 2018 budget, the Trump administration is proposing to reduce by half the size of the Strategic Petroleum Reserve, a cushion against global price shocks and supply disruptions.
Saudi Arabia and Russia are at odds on pretty much everything: the war in Syria, policies on Iran, ties with Washington. But when it comes to propping up global oil prices, they’ve never been more aligned.
The U.S. Justice Department plans to file a civil suit against Fiat Chrysler Automobiles on Tuesday after regulators accused the Italian-American automaker of using software to allow excess emissions in 104,000 diesel vehicles, two sources briefed on the matter said.
While choices at the pump have tried to keep pace with new technology, our nation’s fuel regulations have not.
Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.
No other car manufacturer tested had installed “defeat devices,” the software Volkswagen used to intentionally cheat on tests, but every car assessed was found to spew more nitrogen oxides (NOx) on the road than in certification tests.
