Last big regulator hurdle to Keystone XL cleared On Monday, the Nebraska Public Service Commission announced it approved TransCanada’s Keystone XL pipeline through the state, but the route chosen is not the company’s preferred path. The 3-2 decision helps move forward the $8 billion project which will ship Alberta oil sands bitumen to refineries on […]
Keystone XL pipeline route approved by Nebraska regulators Read More »
Tesla Roadster has 620 mile range On Tuesday evening just as Elon Musk wrapped up the Tesla Semi reveal, the Tesla Roadster wowed the crowd when it drove out of the big truck’s trailer, into the spotlight. Tesla Chief Executive Elon Musk said the second-generation $250,000 EV would be the fastest production car ever. The
$250,000 Tesla Roadster upstages Tesla Semi unveiling Read More »
GM EVs to be built on platform that will accommodate multiple sizes, segments General Motors CEO Mary Barra told investors on Monday that the new family of GM EVs, expected to launch in 2021, will be profitable for the number one automaker in the United States. Barra’s plans are seen as a direct challenge to
Fleet of GM EVs to be released in 2021, challenging Tesla, Ford Read More »
Oil prices rise Friday after five straight days of losses Oil prices rose on Friday after five straight days of losses on expectations that OPEC will extend its agreement to reduce output as well as the shutdown of the Keystone pipeline after a leak was reported on Thursday. By 1:31 p.m. EST, Brent crude had
Oil prices rise, but still on track for weekly drop Read More »
Most distillate fuel oil used for high-powered engines By John Kemp LONDON, Nov 17 – US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018. Even if the northern hemisphere winter is only averagely cold, the distillate
Column: Distillate fuel oil market set to tighten in 2018 Read More »
Tesla Semi release helps boost company shares On Thursday evening, Tesla Inc. will unveil its Tesla Semi, the company’s prototype electric big rig truck, at a time when the Palo Alto based company is struggling to produce its Model 3 sedan. The unveiling will be seen live, at Tesla.com at 8 p.m. PST. Tesla’s Chief
Tesla Semi unveiled Thursday as company struggles with Model 3 roll out Read More »
Oil prices could drop more if OPEC deal not extended Oil prices dipped Thursday on rising US production and crude stocks, dampening the recent rally spurred by tightening global supply due to OPEC’s supply cut pact. As of 1:36 p.m. EST, benchmark Brent was down 32 cents to $61.55 and US WTI fell by 4
Oil prices dip for fifth straight day on rising US production, inventories Read More »
Oil prices slump on Tuesday By John Kemp LONDON, Nov 14 (Reuters) – Crude oil prices and calendar spreads have started to soften in recent trading sessions, in what is likely to be profit-taking after hedge funds amassed a record bullish position in the petroleum complex. Hedge funds and other money managers had accumulated a record net
Column: Oil prices hit by profit-taking after funds build record bullish position Read More »
Oil demand for non-transportation uses expected to rise A study by IHS Markit released on Tuesday says even though global vehicle sales are forecast to decline over the next twenty years, oil demand will rise to 115 million barrels per day (b/d) by 2040. IHS Markit says vehicle demand worldwide will decline as consumers use
Global vehicle sales drop in coming years, oil demand rises: IHS Markit Read More »
Oil prices down over 2 per cent Oil prices fell over 2 per cent on Tuesday on concerns of rising US crude output and a report from the International Energy Agency showing a less optimistic outlook for global crude growth. As well, oil prices were caught up in a global commodities sell off, led by
Oil prices slide on higher US production, lower demand outlook Read More »
