Low oil prices end 21st century gold rush
The 21st century version of the American gold rush is coming to a swift end.
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The oil and natural gas industry: The impacts and uncertainty continue
By now we’ve all seen the headlines: “Oil crashes below $27 a barrel,” “Oil prices likely to remain low 3-5 years” and “U.S. oil bankruptcies spike 379%.” At first, these headlines seemed a little “distant” to me.
The Saudi ‘blink’ on oil production that wasn’t one at all
Last month, Saudi Arabia announced its intent to freeze oil production. Believing that someone had finally blinked in the global price war, oil markets rejoiced and the price of crude oil crept up for the first time in months
Low gas prices finally affecting consumer optimism
Fully half of all Americans (50%) say they are optimistic about the economy, a strong six-point jump over the past month and the highest percentage since November 2015, according to the results of a new consumer survey released by the National Association of Convenience Stores.
Gasoline retailers converting more pumps for higher ethanol blends
Gasoline retailers in Iowa plan to add a large number of renewable fuel pumps this year to sell gasoline with a higher percentage of ethanol.
Obama administration withdraws Atlantic oil and gas drilling proposal
The Obama administration, in a significant reversal, announced Tuesday it was withdrawing a planned oil and natural gas lease sale off the southeast Atlantic coast, prompting cheers from coastal communities and environmentalists but criticism from oil companies and some state leaders.
Oil output negotiations hit obstacles
Big oil producers have been negotiating for weeks on a deal to limit crude output in the hope of raising oil prices. Now their talks are hitting obstacles.
Cheap oil, new pipelines end rail transport boom, EIA says
Declining prices and extra pipeline capacity have shrunk U.S. crude by rail shipments, according to an analysis by the U.S. Energy Information Administration.
BMW marks 100th birthday with autonomous, zero-emission concept
BMW is now a century old. To celebrate, the brand has unveiled a concept car that emits nothing from its tailpipe and can drive itself.
Oil meeting on output freeze unlikely without Iran progress
A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as OPEC member Iran is yet to say whether it would participate in such a deal.
