Tesla plans to build a US$5-billion car-manufacturing plant near Shanghai in China, and is weighing possibly raising part of the funds for the factory from local partners, Bloomberg reported on Continue Reading
Shanghai International Energy Exchange (INE) is asking futures brokers to help boost trading volumes and liquidity in its nascent crude oil futures trade as the first contract heads for expiry Continue Reading
The Indonesian government has moved to reclaim its prolific Rokan oil block from Chevron in 2021 when its contract is set to expire, it will then turn it over to Continue Reading
Shares of U.S. shale oil producers dropped on Wednesday after several companies posted a lower-than-expected quarterly profit from rising spending and hedging losses that kept them from fully benefiting from Continue Reading
WASHINGTON—The White House, looking to ratchet up trade pressure on China, is expected to announced today that it is more than doubling the size of the proposed tariffs to 25% Continue Reading
U.S. crude oil refinery inputs averaged 17.5 million barrels per day during the week ending July 27, 2018, which was 195,000 barrels per day more than the previous week’s average. Continue Reading
American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly Crude Oil and Natural Gas Production report . U.S. crude oil production for Continue Reading
The USA through May 2018. The upward surge has stalled for the last two months. U.S. production was down 30,000 bpd in May. It is a little astonishing how close Continue Reading
Tallgrass Energy on Wednesday joined a growing list of midstream companies that plan to directly load US crude onto supertankers by building an offshore pipeline. Receive daily email alerts, subscriber Continue Reading
UPS announced a collaboration with Thor Trucks , Inc. ( earlier post ) to develop and to test a fully-electric class 6 delivery truck in Los Angeles, Calif. The truck Continue Reading
