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Article Archive | Page 2

EV

Drivers To Start Ditching Gasoline Cars for EVs As Early As 2025

Feb 21, 2020 at 17:10

Car buyers in the United States and major European economies expect improved infrastructure and range of battery electric vehicles (BEVs) to convince them to choose buying an electric car over…

Offshore rig

Oil Prices Fall As OPEC+ Refuses To Act

Feb 21, 2020 at 12:36

Oil prices fell on Friday as OPEC+ decided not to move its March meeting forward while Russia indicated that it currently has no intentions to cut production further.

Oil rig

Oil Rig Count Inches Higher In Coronavirus Plagued Markets

Feb 21, 2020 at 12:12

Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 1 to 791, with the total oil and gas rigs clocking in…

Oil

Oil Won’t Stage A Meaningful Rally Until This Happens

Feb 21, 2020 at 11:45

Crude oil futures are trading higher for the week, but Friday’s steep sell-off is threatening to erase all of those earlier gains. After reaching a one-month high on Thursday, prices…

Coronavirus

OPEC Won’t Be Rushed By Coronavirus Fears

Feb 21, 2020 at 11:44

Market Movers - The predominant theme in the oil markets is still the coronavirus and its effects on oil demand. This week, traders were waiting to hear whether Russia would…

Bull

Is Oil's Rally Already Over?

Feb 21, 2020 at 11:43

Last week, I wrote in these pages that I expected a bounce in crude oil. After a dramatic decline since the beginning of the year, WTI futures looked to have…

Rebels

The Fate Of Libyan Oil Hangs In The Balance

Feb 21, 2020 at 11:42

Haftar Waiting Out Another Turkish Misstep in Libya Last week, international media said that Libyan oil production had dropped to just under 164,000 bpd. Less than a week later, on…

OPEC flag

The 3 OPEC Countries Considering Deeper Output Cuts

Feb 21, 2020 at 10:44

Saudi Arabia and its Gulf Arab neighbors and large fellow OPEC producers the United Arab Emirates (UAE) and Kuwait are discussing this week a potential joint oil production cut of…

Crude trading

Oil Trading Giant Sees Oil Price Recovery Later This Year

Feb 21, 2020 at 09:21

Commodity trading major Vitol said it expected oil prices to recover later this year once the effect of the coronavirus epidemic wanes, Bloomberg reported, citing the company’s chief executive.…

EV charger

Can’t Afford An EV? You’re Paying For It Anyway

Feb 20, 2020 at 16:47

Proponents of the electric vehicle (EV) revolution have a lineup of arguments at the ready for drivers on the fence about whether to go electric, and they range from less…

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