Genesis, Hyundai’s luxury sub-brand, has unveiled yet another concept car — an ultra-fancy SUV with a hydrogen fuel cell hybrid powertrain and an enormous, 22-inch curved OLED display inside.
Tesla plans to show off an electric pickup truck sometime within the next two years, the company’s CEO Elon Musk said on Twitter today.
In a crazy twist of international events, Russia’s state-owned oil company Rosneft might end up owning Citgo, a US energy company based in Houston, Texas.
Ford will add hybrid powertrains to two of its most popular models, the Mustang and F-150, starting in 2020.
The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized.
Elon Musk’s Tesla Inc. surpassed General Motors Co. to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s.
Before they can become truly mainstream, electric vehicles must overcome a huge infrastructure problem.
Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast to average $52.50 a barrel, according to Fitch Ratings Ltd.
Though cracks have been developing in the cartel since the start of the current oil crisis, the group has managed to stay together so far. Nevertheless, the success of the current OPEC deal for production cuts will decide its future as a cartel.
Environmentalists are picking the wrong fight. There is a deal to be made on fuel economy that reduces costs for the auto industry and still cuts massive amounts of oil consumption both in the near and long term. The re-opened review provides the launching point.
