Main Toyota Research Institute (TRI) will show its next-generation automated driving research vehicle, Platform 3.0, at CES next week in Las Vegas. The new platform, which is built on a Continue Reading
Freezing temperatures in the U.S. Northeast have pushed up heating costs, creating serious stress for many Americans. Although the rich world’s energy poor are largely forgotten in discussions about climate Continue Reading
With decommissioning of some of the aging infrastructure in the North Sea underway, a trade group is making plans for what to do with all the paperwork. “Over the 40-plus Continue Reading
Oil prices on Thursday hit their highest in over 2-1/2 years, marking levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Continue Reading
Oil prices rose about 2 percent on Wednesday to the highest in 2-1/2 years, with a sixth day of unrest in OPEC member Iran and strong economic data from the Continue Reading
Stockpiles probably fell 4.7 million barrels last week: survey Dallas Fed survey found $61-a-barrel is key price level Oil approached $62 a barrel for the first time in three years, Continue Reading
The American Petroleum Institute (API) reported a draw of 4.992 million barrels of United States crude oil inventories for the week ending December 29, marking five large draws in as Continue Reading
Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital Continue Reading
Argo Consulting’s Alan Free discusses where the silver lining may be for oil and gas in 2018. As 2017 came to a close, many in the oil patch were hoping Continue Reading
At this point, the oil market has factored in any risk from the political unrest gripping Iran, one of OPEC’s top producers, analysts said. More than a dozen people were Continue Reading
The incident at the Escravos Lagos Pipeline caused power cuts at several stations near the major southern city of Edo, an official statement read. “The sudden loss of generation due Continue Reading
Indonesia’s ’embattled’ exploration and production sector is in ‘dire’ need of additional investment, according to BMI Research. Indonesia’s ‘embattled’ exploration and production sector is in ‘dire’ need of additional investment, Continue Reading
China’s national observatory Wednesday updated its alert for snow to the second-highest level, as heavy snow is expected to continue in central, northern and eastern regions Wednesday and Thursday. The Continue Reading
Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fueled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside Continue Reading
Liquefied natural gas (LNG) prices in northern China have dropped more than 40 percent from record highs reached less than two weeks ago as a supply crunch has eased and Continue Reading
Six small U.S. oil and natural gas drilling projects will receive about $30 million in federal funding for research and development to help achieve President Donald Trump’s policy of boosting Continue Reading
A company that planned to build a coal export terminal in the Pacific Northwest to ship western U.S. coal to Asian markets sued the state of Washington on Wednesday for Continue Reading
Freezing weather across the U.S East Coast has drawn a number of tankers carrying diesel and heating oil from Europe, reversing a traditional trade route. The Pacific Anna set sale Continue Reading
Retail gas prices started the year at their highest level in four years, with some regional inventories at their lowest levels in seven years, a survey found. Motor club AAA reports Continue Reading
A trade group in Texas said 2018 looked good for the oil and gas business, with investments trickling down to the coastal and manufacturing sectors. Texas is the No. 1 Continue Reading
As part of a sweeping green mandate, New York’s governor said he’d reconvene a climate advisory panel to avoid “political interference” from the White House. Gov. Andrew Cuomo in a Continue Reading
GM posted solid gains in pickup trucks and crossover SUVs—among its most profitable products—and posted record sales for the year in both categories. The U.S. auto industry in 2017 likely Continue Reading
The project was canceled after cost estimates ballooned. Dominion Energy Inc. D -3.85% has struck a deal to buy troubled energy company Scana Corp . SCG 22.59% , ushering in Continue Reading
Recently, William Clay “Bill” Ford Jr., executive chairman of Ford Motor Co., said China was “at the heart” of the electric vehicle and the “mobility” movements. It was an interesting Continue Reading
Sunoco received a halt construction order from Pennsylvania environmental officials on Wednesday for a natural gas pipeline the southern half of the state due to a myriad of spills and Continue Reading
As 1968 began, Paul Ehrlich was an entomologist at Stanford University, known to his peers for his groundbreaking studies of the co-evolution of flowering plants and butterflies but almost unknown Continue Reading
Canada’s rig count fell from 210 to 136 for the week ending on December 29, a massive drop off. That took the rig count to a six-month low. Obviously, the Continue Reading
The effect is twofold: extreme cold is actually cutting production, while demand is surging because everyone is turning up the thermostat to stay warm. First the supply side. There are Continue Reading
Russia’s gas exports to Europe rose 8.1 per cent last year to a record level of 193.9bn cubic metres (bcm), despite rising competition and concerns about the country’s dominance of Continue Reading
Supermajors are shunning Arctic oil exploration in Norway, or at least that’s the overwhelming feeling after the last licensing round conducted by the Norwegian Petroleum Directorate in early December. Eleven Continue Reading
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk management, emerging market economic development, and market risk assessment. His… That means consumers are being Continue Reading
Russia’s Gazprom raised its exports by 8.1 percent annually to a record high of 193.9 billion cubic meters in 2017, the chairman of Gazprom’s management committee, Alexey Miller, said on Continue Reading
Ricardo is supporting a trial run by UK Power Networks into using smart grid technology to unlock spare capacity for increased electric vehicle use—maximizing the power available from existing infrastructure Continue Reading
Oil traded near its highest level since 2015 on Wednesday, having risen above $67 a barrel during the previous session. The sustained strength came after hedge funds placed a record Continue Reading
Oil prices on Wednesday dipped away from the mid-2015 highs reached the previous session as high output in the United States and also Russia undermined ongoing efforts led by OPEC Continue Reading
Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more Continue Reading
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time Continue Reading
Oil started this year with further price gains despite the quick restart of the Forties pipeline and the equally quick repairs of a pipeline in Libya, where a pipeline blast Continue Reading
The eastern Mediterranean is expected to witness the first conflict of 2018, as developments at the end of 2017 are signaling worsening relationships between Turkey and the Greek Cypriot-Greece-Israel-Egypt bloc. Continue Reading
Moody’s Investors Service said on Tuesday it expects oil prices in the range of $40 to $60 per barrel in 2018, with abundant supplies of U.S. natural gas constraining prices, Continue Reading
Crude oil prices started 2018 with a lack of direction as unrest in Iran, one of OPEC’s top producers, balanced against concerns for the world’s top economies. Iranian protests over Continue Reading
A U.S. president eager to advance an agenda of energy dominance, and a market with no room for risk, means 2018 may be one for the geopolitical books. The New Continue Reading
Here’s what analysts said about the commodities. Oil prices expected to stay around $60, but could go as low as $30 Brent crude and West Texas Intermediate (WTI) prices both Continue Reading
Business information provider IHS Markit forecasts that more than 33 million autonomous vehicles will be sold globally in 2040—a substantial increase from the 51,000 units forecast for the first year Continue Reading
A recovery in emerging markets such as Russia helped fuel the latest results. Global sales of passenger cars and trucks likely surpassed 90 million for the first time in 2017, Continue Reading
As 2017 comes to a close, it’s time to review the top energy stories of the year. There are several stories that could compete for the year’s top spot, but Continue Reading
Brazil’s state-controlled oil company, Petroleo Brasileiro SA ( PETR4.SA ), said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking Continue Reading
Antigovernment protests roiled Iran on Tuesday, as the death toll rose to 21 and the nation’s supreme leader blamed foreign enemies for the unrest. But the protests that have spread Continue Reading
Iraqi oil exports from the Basra Gulf in December set yet another record, capitalizing on a steady uptick in crude prices and capping a breakout year in the oil sector Continue Reading
Pakistan has imposed restrictions on fuel oil imports with immediate effect, as domestic consumption declines amid rising LNG imports and the shutdown of several fuel oil power plants. A new energy Continue Reading
