New Mexico was, until recently, a lucky state. Despite being one of the states with the weakest economies—and high unemployment—New Mexico had the Permian, and oil revenues from drillers there Continue Reading
(Reuters) – Joe Biden will not immediately cancel the Phase 1 trade agreement that President Donald Trump struck with China nor take steps to remove tariffs on Chinese exports, the Continue Reading
A group representing major automakers on Tuesday vowed to work with President-elect Joe Biden on efforts to reduce vehicle emissions even as the industry remains split over an effort to Continue Reading
Exxon Mobil Corp. is about to incur the biggest writedown in its modern history. (Bloomberg) — Exxon Mobil Corp. is about to incur the biggest writedown in its modern history Continue Reading
A post by Ovi at peakoilbarrel All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM . After Continue Reading
ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. Affected employees Continue Reading
Ford Motor Co. is prodding other automakers to embrace more stringent automotive clean air standards set by California in another blow to President Donald Trump’s efforts to limit the state’s Continue Reading
Morgan Stanley recently raised their rating on Tesla (NASDAQ:TSLA) for the first time in 3 years. Two weeks later and the stock has already smashed through their $540 price point, Continue Reading
Exxon Mobil Corp. is suspending employee bonuses for this year. (Bloomberg) — Exxon Mobil Corp. is suspending employee bonuses for this year after the crude-market collapse spurred a record run Continue Reading
Western Europe’s largest oil producer, Norway, will be ending the government-imposed oil production cuts at the end of the year, the Ministry of Petroleum and Energy said on Tuesday, while Continue Reading
