This year was supposed to be a watershed for electric vehicles, with BYD, Daimler, General Motors, Tesla, and other industry titans scheduled to roll out new models and open manufacturing plants Continue Reading
China will soon release the development plan for new energy vehicles, or NEVs, for 2021-2035 to stabilize and expand consumption of electric vehicles and other hybrid cars, the Ministry of Continue Reading
A fifth tanker that loaded at a US liquefaction facility was said to be heading toward China on Wednesday, as tariff waivers appear to be encouraging more deliveries following a Continue Reading
Donald Trump is trying to do something no U.S. president has dared to do in decades: Drive up the price of oil. For more than three decades, U.S. presidents proclaimed Continue Reading
President Donald Trump has told aides he doesn’t support a broad plan to temporarily stop charging energy companies royalties for oil and gas produced on federal lands and waters, according Continue Reading
Crude oil production in the United States could fall by about 2 million bpd from current estimates of daily averages, according to the Energy Information Administration. In its latest Short-Term Continue Reading
US crude inventories saw their largest-ever weekly build last week as refinery demand cratered amid a historic collapse in product demand, US Energy Information Administration data showed Wednesday. Receive daily Continue Reading
HollyFrontier said it has cut rates to 70% at its refineries as it looks to manage demand destruction brought upon by the coronavirus pandemic. Receive daily email alerts, subscriber notes Continue Reading
The company is reducing spending this year to about half of 2019 levels, joining a parade of shale drillers doing the same. (Bloomberg) — Marathon Oil Corp. is reducing its Continue Reading
Oil market headwinds have prompted Plains All American to make select updates to its current capital program and operations activity. The changes include: Reducing its 2020/2021 capital program by $750 Continue Reading
