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War Worries Send Oil Prices Soaring

War Worries Send Oil Prices Soaring

Bullish sentiment has returned to…

Trump Calls Off Iran Attacks At The Last Minute

Trump Calls Off Iran Attacks At The Last Minute

In response to Iran shooting…

News

San Diego’s Consumer Prices Rise As Gas Prices Jump  

San Diego’s Consumer Prices Rise As Gas Prices Jump  

Jun 14, 2019 at 15:12 | Tsvetana Paraskova

Consumer prices in the San Diego area in California increased by 3.8 percent over the past 12 months to the end of May 2019, mainly due to the higher…

Trump: Key Oil Chokepoint ‘Not Going To Be Closed For Long If Iran Closes It

Trump: Key Oil Chokepoint ‘Not Going To Be Closed For Long If Iran Closes It

Jun 14, 2019 at 15:05 | Tsvetana Paraskova

If Iran tried and closed the critical oil shipping lane in the Middle East, the Strait of Hormuz, “it’s not going to be closed for long,” U.S. President Donald Trump…

Midwest Senators Push To Reform Biofuel Waivers Program

Midwest Senators Push To Reform Biofuel Waivers Program

Jun 14, 2019 at 13:30 | Tsvetana Paraskova

A Republican and a Democrat Senators from farm states have introduced a bill to tweak the biofuel waivers program and increase its transparency in a bid to help ethanol…

Brazil’s Oil Sector Joins Nationwide Strike Against Pension Reform

Brazil’s Oil Sector Joins Nationwide Strike Against Pension Reform

Jun 14, 2019 at 12:53 | Tsvetana Paraskova

Workers at Brazilian state-held oil firm Petrobras joined on Friday a 24-hour nationwide strike in Brazil against proposed pension reforms that would raise the minimum retirement age and workers’ contributions,…

Tesla’s Solar Roof Prices Are Shockingly High

Tesla’s Solar Roof Prices Are Shockingly High

Jun 14, 2019 at 12:25 | Tsvetana Paraskova

Tesla is charging just over US$85,300 for its Solar Roof solution for a 9.45 kW system on a 1,862-square foot roof, Electrek reported on Friday, citing an actual Tesla…

Gazprom Neft Calls For End Of OPEC+ Oil Cuts

Gazprom Neft Calls For End Of OPEC+ Oil Cuts

Jun 14, 2019 at 10:45 | Irina Slav

OPEC and its partners should start increasing oil production to keep the market well supplied and prices reasonable, Gazprom Neft’s chairman Alexander Dyukov said, as quoted by Reuters. Dyukov’s…

Pemex Partner Auction Canceled

Pemex Partner Auction Canceled

Jun 14, 2019 at 09:39 | Irina Slav

An auction to pick foreign partners for Mexican state energy giant Pemex scheduled for October has been canceled by the country’s energy regulator, Reuters reported, noting the official information…

Libya’s NOC Warns Army Is Inside Key Crude Terminal

Libya’s NOC Warns Army Is Inside Key Crude Terminal

Jun 13, 2019 at 17:31 | Tsvetana Paraskova

Libya’s internationally recognized National Oil Corporation (NOC) said on Thursday that it is concerned about an increased military presence inside one of the country’s key oil terminals, Ras Lanuf,…

EVs Lose Resale Value Fast, But Not Tesla

EVs Lose Resale Value Fast, But Not Tesla

Jun 13, 2019 at 17:21 | Tsvetana Paraskova

Electric vehicles (EVs) are depreciating much faster than the average for all cars, with one notable exception—Tesla, whose vehicles hold values better than their gas-powered rivals. Automotive research firm and…

Canada May Have To Raise Carbon Tax To Meet Paris Climate Goals

Canada May Have To Raise Carbon Tax To Meet Paris Climate Goals

Jun 13, 2019 at 16:23 | Tsvetana Paraskova

Canada may have to raise its federal carbon tax if it wants to achieve its pledge under the Paris Agreement to reduce greenhouse gas emissions, Canada’s Parliamentary Budget Officer (PBO),…


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