OPEC, have no fear: The U.S. oil-shale output crash is here
Concerns over the ability for U.S. shale-oil production to offset efforts by other oil producers to rebalance the market have been greatly exaggerated.
Concerns over the ability for U.S. shale-oil production to offset efforts by other oil producers to rebalance the market have been greatly exaggerated.
Volvo plans to build only electric and hybrid vehicles starting in 2019, making it the first major automaker to abandon cars and SUVs powered solely by the internal combustion engine.
Drivers will be able to get behind the wheel of Tesla’s new Model 3 at the end of the month, the company’s chief executive announced early Monday in a series of tweets.
Elon Musk responded to a Twitter follower seeking more concrete information about the Model 3’s exact release date.
Goldman Sachs Group Inc. analysts might not be the only ones to have incorrectly called commodity prices this year, but they are at least trying to figure out how they misjudged the market.
A barrel of petroleum sells for less than $45, and many oil companies balk at the massive investment in equipment needed to drill offshore when the price is lower than $85, analysts say.
Why would Exxon back a carbon tax that would raise the price of its products? There’s more to it than you might think.
After weathering years of protests, pipeline operator TransCanada is struggling to attract customers amid low crude prices and competing oil-transportation options
Crude oil prices plunged to $42 a barrel last week, sinking into a bear market amid renewed concerns about a massive supply glut that just won’t go away. Some even feared a return to the sub-$30 prices that spooked global investors early in 2016.
In late May on the floor of a drilling rig on Alaska’s northernmost edge, oil workers were dwarfed by giant pieces of machinery. They were slowly pushing pipe thousands of feet below the tundra to tap one of the biggest oil fields in North America: Prudhoe Bay.