China’s auto sales continued to increase in August, evidence of the steady growth of the world’s largest car market, data from the China Association of Automobile Manufacturers (CAAM) showed Monday. Continue Reading
The largest U.S. refinery was restarting production on Monday for the first time since being shut nearly two weeks ago by Hurricane Harvey, said sources familiar with plant operations. Motiva Continue Reading
China is preparing to announce the date from which internal combustion engine car sales will be banned, joining Norway, France, and the UK, among others, that have declared a complete Continue Reading
Post-hurricane recovery in the southern United States will be a positive factor for crude oil demand, offsetting short-term declines, Goldman Sachs said. Irma was downgraded to a tropical storm as Continue Reading
Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices. For the week ending September 1, 2017, gross inputs to refineries in Continue Reading
It’s become typical for gas prices to spike before and after major hurricane landfalls. The national average gasoline price jumped more than 30 cents per-gallon in the week following Hurricane Continue Reading
In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday. “Irma will have a Continue Reading
Both generating units at Florida Power & Light’s Turkey Point nuclear plant south of Miami were shut over the weekend as Hurricane Irma moved along Florida’s coast, while one reactor Continue Reading
The havoc wreaked by major summer storms stands to deepen a global crude-supply glut that has depressed oil prices for more than three years. By paralyzing giant swaths of the Continue Reading
Scott Pruitt, the administrator of the Environmental Protection Agency, says it is insensitive to discuss climate change in the midst of deadly storms . Tomás Regalado , the Republican mayor Continue Reading
