Fortigo Freight of Etobicoke, Ontario, ordered one Tesla Semi Two more freight services companies have pre-ordered Tesla Semi electric trucks, which are expected to roll off the assembly line in 2019. The companies join J.B. Hunt and Wal-Mart, who agreed to purchase the Tesla Semi which was unveiled by the company’s Chief Executive Elon Musk
DHL orders 10 Tesla Semi electric trucks for use on shorter routes Read More »
Oil prices briefly pressured by fire at Texas refinery Oil prices slipped on uncertainty over the outcome of OPEC’s meeting this week as well as an expected boost in crude supplies following the restart of the Keystone pipeline. By 1:51 p.m. EST, US WTI had fallen 8 cents to $58.03/barrel and Brent was down by
Oil prices dip on OPEC pact jitters, Keystone pipeline restarts Read More »
OPEC supply cut could run throughout 2018 Reuters reports that OPEC and Russia are likely to extend the OPEC supply cut agreement for all of 2018, but there may be a provision that allows participants to review the deal in June. OPEC sources told Reuters that a recommendation to extend the agreement was made by
OPEC supply cut extension likely, but with conditions Read More »
Keystone pipeline leak in South Dakota shuts down line TransCanada Corp has crews working day and night to clean up the 5,000 barrel oil spill from its Keystone pipeline leak in South Dakota. A state official told Reuters the company has dug up the damaged section of pipe. Brian Walsh, an environmental scientist with the
Damaged part of Keystone pipeline excavated, 1,065 barrels recovered Read More »
US shale producers add more rigs By John Kemp LONDON, Nov 27 – US shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of rigs drilling for oil in the United States tends to follow changes
Column: US shale producers renew challenge to OPEC Read More »
Some analysts look for oil prices to drop even if OPEC extends pact US oil prices fell by over 1 per cent on Monday due to higher production in the United States as well as concerns that Russian crude output may soon be on the rise. By 1:06 p.m. EST, US WTI had recouped some
Oil prices drop on US output, concerns Russian compliance in OPEC deal Read More »
VC Turbo engine doubles thermal efficiency of current gasoline engines Nissan Motor Co. will unveil its VC Turbo engine, which uses an efficiency-boosting variable compression ratio system, at the Los Angeles auto show next week. Shinichi Kiga, the head of Nissan’s gasoline engine project group, told Reuters that the global automaker plans to keep improving
Nissan VC Turbo engine uses variable compression ratio system Read More »
Oil prices hit two-year high US oil prices hit a two-year high Friday on reduced crude stocks in the wake of the shutdown of the Keystone pipeline after a spill in South Dakota last week. Earlier in the session, US WTI crude hit $58.92/barrel, the highest its been since July 2015, and Brent crude prices
Keystone pipeline shut down prompts rise in oil prices Read More »
Tesla battery to be fed electricity from Hornsdale Wind Farm On Thursday, the South Australian government announced that the giant lithium-ion battery built by Tesla has been installed and testing will begin soon. The project, which will be capable of supply electricity to 30,000 households for a period of eight hours at peak summer consumption
World’s largest battery installed in South Australia by Tesla, testing begins soon Read More »
Oil prices rise in thin trading on Thursday In spite of rising US crude production, oil prices rose in thin trading on the Keystone pipeline shutdown and data showing a decline in US crude stocks. US WTI hit a two-year high, rising 54 cents to sit at $58.56/barrel by 1:30 p.m. EST. Benchmark Brent rose
Lower inventories, Keystone shut down boost oil prices Read More »
