Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached […]
Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share […]
World Oil (Bloomberg) – A century after the U.S. set aside a broad swath of northwest Alaska to be used as an emergency oil supply, the Biden administration is pursuing changes that could make it […]
A major federal grant will help Xcel Energy restart a Minneapolis microgrid project delayed earlier this year over cost concerns. Xcel Energy received a $100 million grant last week from the U.S. Department of […]
Wisconsin will lose out on millions of federal dollars for electric vehicle charging infrastructure if the state does not pass legislation to allow stores or other owners of EV chargers to bill drivers for […]
Daily Standup Top Stories ExxonMobil CEO sees tight world oil supplies for next few years October 31, 2023 Mariel Alumit (Bloomberg) – Exxon Mobil Corp. sees tight global oil supplies putting upward pressure on energy prices […]
Just like Ford’s “Edsel” model in the 1950s, Trump administration economist Steve Moore cautioned that electric vehicles (EVs) may be the auto market’s “next big flop.” “Henry Ford’s son was named Edsel, and this was going to […]
(WO) – On Monday, Oct. 30, Reuters reported that London-based bp has “held talks in recent weeks” with multiple entities to form joint ventures in various U.S. shale patches. The joint ventures would include its […]
(Bloomberg) – Exxon Mobil Corp. sees tight global oil supplies putting upward pressure on energy prices for at least the next few years as the world continues to suffer from a lack of investment in […]
Cummins Inc. predicts its new 15-liter natural gas engine designed for heavy-duty and on-highway applications could lead to a five-fold growth in customers for the alternative powertrain. It overcomes complaints about low power and torque […]
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