Iran says it shipped first oil shipments to Europe since reaching nuclear deal
Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported.
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Sheltered from biggest risks, green fuel to ride out oil crash
Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say.
Oil futures bounce on report of OPEC cut
Oil futures rebounded Thursday afternoon after The Wall Street Journal reported OPEC members might be ready to cooperate on a cut, citing UAE Energy Minister Suhail bin Mohammed al-Mazrouei.
Tesla Model 3 to cost $35,000, could net for mid-low 20s with incentives
Tesla’s Model 3 reportedly to be shown next month and on sale by mid-2017 could sell for a starting price as high as $35,000 and as low as $21,500 with the country’s best state incentives and federal tax credit rolled in.
Why California gasoline is so expensive
Although oil markets are bankrupting producers and draining government coffers from Moscow to Riyadh, plummeting costs are filling the pockets of ordinary consumers this year, right? Um, wrong, at least in California, where state government helps the refining industry keep gasoline prices aloft for months at a time.
Mysterious ship helped keep California gas prices high, consumer advocate says
There’s an unusual new entry to the long list of reasons why Californians spent the last year paying significantly more for gasoline than other U.S. drivers: a mystery ship.
As Big Oil shrinks, boards plot different paths out of crisis
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.
Gas consumption up in California
Californians used more gas during the last fiscal year than it has in recent years. In fact gas consumption rose 2.4 percent in 2014-15, the largest yearly increase since 2003-04, according to California State Board of Equalization Vice Chair George Runner.
Oil falls with glut in focus after hopes for producer deal fade
Oil prices were down 2 percent on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.
Obama: Cheap gasoline prices drove oil tax decision
Current bargains at the gasoline pump make now an ideal time for the United States to increase its investment in clean energy through a tax on crude oil, President Barack Obama said Friday.
