Robo-Taxi Set For Arizona Rollout
Waymo, a unit of Alphabet, is set to launch a ride-sharing service similar to Uber, but with no human driver behind the wheel. Officials in Arizona granted Waymo a permit Continue Reading
U.S. Crude Exports Hit A Major Milestone
“There could not be a better time to offer this service as domestic production surpasses 10 million barrels per day in the ever-dynamic global crude oil market,” Tom Shaw, president Continue Reading
Fitch: EVs Growth Could Lead To Peak Oil Demand By 2030
Greater product awareness and technological changes could fast track the adoption of electric vehicles (EVs) that could plausibly lead to a peak oil demand before 2030, Fitch Ratings said on Continue Reading
America’s Emerging Petro Economy Flips the Impact of Oil
The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed , growth slowed sharply. Since Continue Reading
Frac Sand Shortage Threatens Shale Boom
Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the supply of frac sand used in shale drilling. The Wall Street Journal reported Continue Reading
Keystone XL Approval Receives Push-back From Environmentalists
Canadian activists have requested an American judge to subpoena the U.S. government for all files related to the Trump administration’s approval of the controversial Keystone XL pipeline, according to emerging Continue Reading
EIA USA Reserve Estimates
EIA reserve estimates for USA for 2016 have been issued (a couple of months later than usual). The numbers they provide are ‘proven’ reserves of crude, condensate and natural gas. Continue Reading
BP sees self-driving electric vehicles crimping oil demand by 2040
The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP ( BP.L ) said, forecasting a peak in Continue Reading
In the deepwater vs shale oil contest, Shell backs both
Royal Dutch Shell will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world Continue Reading
Platts: Norwegian oil field too big to ignore for possible Brent update
Once production starts from the Johan Sverdrup oil field in the North Sea, it could be a component of the basket of oils that make up Brent, Platts reported. Norwegian Continue Reading