Hopes for a quick reduction in crude oil consumption and CO2 emissions have been raised by improvements in range of EVs and the introduction of new models by all major auto manufacturers. Despite this, barriers to general popularity remain.
Ministers from some OPEC countries have discussed the possibility of deepening their output cuts, in addition to the potential extension of the agreement into 2018, said four delegates.
A number of oil executives, analysts, and international agencies have been warning that the oil price crash and resulting slashed investments across the board would lead to a much tighter oil market within the next 4-5 years.
Every quarter, Elon Musk drops a few hints about what’s to come. This week was no exception.
The United States will shoot itself in the foot if it quits the Paris climate accord because China, India and Europe will snap up the best power sector jobs in future, U.N. Environment chief Erik Solheim said on Thursday.
Exxon Mobil Corp. relied on outdated procedures and used equipment that was older than its safe operating life, which led to a 2015 explosion at the Torrance refinery, endangering 150,000 nearby residents, a federal agency said Wednesday.
The basic design of this quintessential American vehicle hasn’t changed much since, well, ever, but an Indiana company thinks it has found a better way: Make it electric.
A handful of GOP senators have said they might hold up legislation to repeal an Obama administration oil and natural gas drilling rule to secure a vote on an ethanol policy change.
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A look at the sales data shows that noisy Tesla is quietly being outsold by the true pioneer in the electric vehicle field, the Renault-Nissan Alliance.
