Energy
Fereidun Fesharaki of FGE says OPEC and allies will increase output, but the question is by how much.
Oil prices eased on Thursday, dragged down by rising output.
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Musk bought another chunk of his own company a day after Tesla said it will cut 9 percent of its employees.
U.S. crude oil futures traded half a percent lower near $66 a barrel, lower than the last time Trump blamed OPEC for high prices.
Permian output from Texas and New Mexico will more than double between 2017 and 2023, jumping to 5.4 million barrels a day, IHS Markit forecasts.
The International Energy Agency (IEA) believes a recent spike in the oil price could soon start to ease, helping to alleviate concerns that surging prices could hurt demand and global economic growth.
In the coming years, hydrogen could become an important fuel for cars.
U.S. commercial crude inventories fell by 4.1 million barrels in the week to June 8, the Energy Information Administration reported.
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Tesla announced on Monday that it was laying off 9 percent of its salaried workers. The electric-car company's CFO, Deepak Ahuja, has been through the worst of Tesla layoffs before.
The potential of biofuels is significant. How important will they be as technology develops?
China is testing roads paved with solar panels in an attempt to deepen its innovation and domination of the renewable energy sector, the New York Times reports.
The era of digital transformation is impacting every industry — and manufacturing is seeing cutting edge innovation delivering some impressive results.
Saudi Arabia hiked output by 161,000 barrels a day in May, bringing output to just below its quota under a deal to limit output.
Exxon Mobil is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit.
Oil prices were little changed, but volatility subsided as investors prepared for a key OPEC meeting next week.
Activist Elliott Management is partnering with frequent ally Bluescape Resources to win board seats and stage a turnaround at San Diego-based Sempra Energy.
How are technology and innovation going to change the way we fuel vehicles?
By many measures, the economy is in the best shape since the financial crisis. And yet, economists predict a recession by 2020, USA Today reports.
The average price of regular-grade gasoline in the U.S. has remained relatively steady for the past three weeks with a national average of $3.01 per gallon.
Oil prices are heading for a downturn due to weaker-than-expected demand growth and a likely rise in supply, J. P. Morgan says.
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