Chinese electric carmaker sets up US assembly plant
SF Motors has become the latest Chinese-owned company to unveil plans to break into the US electric vehicle market, at a time when a growing tech threat from China has Continue Reading
Venezuela Tries To Pay Russian Debt With Cryptocurrency
If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it Continue Reading
U.S. crude stockpiles build unexpectedly as imports jump: EIA
U.S. crude oil stockpiles rose unexpectedly last week as imports soared, while gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. A pumpjack brings Continue Reading
U.S. oil producer costs climb with more drilling: Fed Survey
Oil and gas business activity continued to climb last quarter, driven by an improved oilfield services sector, but costs for goods and labor also rose, the Federal Reserve Bank of Continue Reading
IEA sees short-term bottlenecks for U.S. oil sector
Steel tariffs and the pace at which U.S. oil production is accelerating could act as a short-term throttle to momentum, the International Energy Agency said. The United States is on Continue Reading
Texas looks to cut red tape from oil sector
The state energy regulator in Texas said it was looking to cut back on some regulations in order to stimulate the economy through increased production. The Railroad Commission of Texas, Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending March 23, 2018 U.S. crude oil refinery inputs averaged about 16.8 million barrels per day during the week ending March 23, Continue Reading
Will Lithium-Air Batteries Ever Become Viable?
Lithium-air batteries sound too good to be true—using the oxygen available in the air to produce electricity. Theoretically, they could become serious competitors to lithium-ion batteries; but so far, a Continue Reading
US EPA poised to weaken 2022-25 fuel economy targets
The Trump administration is expected to move to weaken US fuel economy standards for 2022-25 model year cars this week ahead of a regulatory deadline Sunday, setting up a confrontation Continue Reading
Permian mega-merger expected to save Concho on oil, gas drilling costs
Concho Resources’ $9.5 billion acquisition of rival independent oil and natural gas producer RSP Permian, announced Wednesday, will give the combined company the largest drilling program in the Permian Basin Continue Reading