Events at Monday’s meeting of OPEC governors suggest that if Saudi Arabia gets its way, then one of the group’s central strategies – of managing global oil prices by regulating supply – will indeed go to the grave.
The U.S. is importing more foreign crude than it has in years, becoming one of the last ports of call for many oil-producing nations despite a glut of crude from domestic companies.
Convenience store operator Kum & Go says it is making a massive commitment to higher gasoline-ethanol blends, planning to sell E15 at about 100 more locations this year.
The classic combo of dwindling supply and increased demand is pushing gas prices up across Minnesota and the nation.
The Colorado Supreme Court ruled Monday that municipalities can’t bar hydraulic fracturing, a long awaited decision in a legal battle that has rippled across this energy rich state.
Edmunds found a mere 27.5 percent of all hybrid and electric vehicle trade-ins in the first quarter of 2016 were applied to the purchase of a new hybrid or electric car. Instead, the rest of customers were found to be switching back to gas vehicles, especially SUVs.
Chevron Corp. plans to shed 8,000 jobs, or 12 percent of its workforce, by the end of the year as anemic oil prices make it too expensive to keep many drilling rigs in the field, executives said Friday.
It is hard to overstate the significance of the Doha debacle. At the very least, it will perpetuate the low oil prices that have plagued the industry for the past two years.
Have we finally reached the long-promised realization of commercial cellulosic ethanol?
Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high U.S. crude inventories and relentless pumping by major producers.
