State-controlled Saudi Aramco adjusted its official crude oil selling prices in response to changing oil market dynamics. The company left Arab Light prices unchanged for Asian customers, while it increased prices for destinations in Europe and the US where demand appears to be picking up. The summer cooling season in Saudi Arabia is expected to… Keep reading →
Speaking this morning at the American Energy and Manufacturing Competiveness Summit in Washington DC, US Department of Energy Secretary Ernest Moniz extolled the numerous benefits precipitating from the country’s newfound energy wealth. One of the main messages he drove home to the audience is that increasing energy production along with energy efficiency growth are positively… Keep reading →
A good deal of talk about fuel efficiency of late has focused on alternative fuel engine technologies, and new fuel efficiency standards will require that auto manufacturers use innovative technology to increase fuel efficiency across their models. Ford has recently announced that sales of its F-150 EcoBoost trucks have surpassed 400,000 since the model’s roll-out… Keep reading →
