South China floods kill 15, thousands evacuated
Floods in southern China have killed at least 15 people over the past few days and forced the evacuation of tens of thousands more, state media said. In Guangxi region, Continue Reading
Tesla Set to Deliver First of Its Lower-Cost Model 3 Cars July 28
Tesla Inc. Chief Executive Elon Musk indicated late Sunday that the company would deliver the first batch of its new Model 3 sedans on July 28. Customers and investors have Continue Reading
Is This Exxon’s Secret Weapon Against Electric Cars?
This month, it was ExxonMobil’s turn to report a breakthrough in advanced biofuels. Exxon said that it had found a way to make algae ‘fatter’, and those algae could become Continue Reading
Is BP Shifting Its Focus To Natural Gas?
BP announced highlights of its Q2 2017 exploration activities today, collecting the results of several different projects. Four discoveries representing 17+ Tcf of gas BP reports that it has made Continue Reading
Crude oil prices firm, set for biggest weekly gain since mid-May
Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output. U.S. Continue Reading
Oil Prices Are Set To Post Worst H1 Since 1998
A weaker dollar and lower U.S. crude oil production for last week are pushing oil prices up this week to their seventh consecutive trading session in the black, but crude Continue Reading
Oil Extends Rally as Record U.S. Shale Drilling Boom Stutters
U.S. crude production declined last week due to Gulf storm OPEC has no plans to discuss deeper supply cuts, U.A.E. says Oil extended the longest run of gains in six Continue Reading
Crude Slump Wipes $113 Billion From Oil Drillers
Investors swayed by prices rather than improved operations Energy sector is worst performer in MSCI World index this year Oil companies have spent three years slashing spending and firing workers Continue Reading
Saudi Arabia Reports First GDP Contraction Since 2009
Saudi Arabia’s gross domestic product fell in the first quarter of 2017 year-over-year, marking the first time the top oil exporter’s economy contracted after the 2014 oil price crash. Government Continue Reading
OPEC oil output jumps to 2017 high as Nigeria, Libya pump more
OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two Continue Reading