US Crude Oil Exports Surge To 3 Million Bpd In 2019
Surging shale production and growing global demand for light low-sulfur oil helped U.S. crude exports to soar by 45 percent year on year in 2019, reaching an average of 2.98 Continue Reading
US Big Oil Employees Risk Savings As Share Prices Slide
Employees at U.S. oil supermajors have lost $5 billion in savings since the end of 2018 as more than a third of these savings were in company stocks, which have Continue Reading
Tesla Plans To Ditch Cobalt In New Batteries
Reuters recently reported on Tesla’s announcement that it is in advanced talks to use batteries from China’s Contemporary Amperex Technology Co Ltd (CATL) that contain no cobalt specifically for use Continue Reading
Oil price war increases power utilities’ uncertainty over EV infrastructure plans
Infrastructure plans help EV adoption Views differ on price war’s EV sales impacts Houston — As states such as Florida adopt electric vehicle infrastructure legislation, electric utilities face uncertainty about Continue Reading
Weekly US coal production reaches new low in 2020: EIA
Weekly US coal production was estimated at 10.6 million st in the week that ended March 7, down 6.1% from the previous week, US Energy Information Administration data said Thursday. Continue Reading
Exclusive: U.S. shale urges service firms offer ‘at least’ 25% price cuts – executives, letter
U.S. shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the Continue Reading
The Great U.S. Shale Decline Has Already Begun
U.S. shale companies are moving quickly to ax their budgets, hoping to staunch the bleeding as the oil market continues to melt down. It has only been a few days Continue Reading
UCR researchers find commercial fast-charging damages EV batteries, propose new internal-resistance-based technique
Commercial fast-charging stations subject electric car batteries to high temperatures and high resistance that can cause them to crack, leak, and lose their storage capacity, according to researchers at the Continue Reading
Crude oil futures slump on further signs of increasing supply
Crude oil futures tumbled in mid-morning trade in Asia Thursday as signs of a further increase in supply emerged from OPEC producing countries. At 11:10 am Singapore time (0110 GMT), Continue Reading
Oil falls 4% as coronavirus pandemic prompts Trump travel ban
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s Continue Reading