U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …
Read More »Saudi Arabia will increase oil output amid recovery in prices
Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …
Read More »Why is Texas experiencing a power outage?
Millions of Texans remained without electricity Wednesday morning, although temperatures in most parts of the state rose above freezing, potentially signaling the state’s power grid service could make significant progress to the restored service. Texas’ pockets plunged into widespread power outage on their third day amid extended winter storms, as …
Read More »The Tesla S&P 500 will replace apartment investment and management
Mystery ended: Silicon Valley Juggernaut Tesla Inc. Ap Part Investment and Management c. Tesla TSLA, -2.72% The S&P 500 is set to join the SPX, -0.13%, In a short span of one week on December 21, the U.S. broad equity benchmark, then-apartment investment and management AIV, -0.49%, Real Estate Investment …
Read More »OPEC, Ellis Agreement for small production surplus
The Organization of the Petroleum Exporting Countries and its allies are closing an agreement to increase their mass oil production by a modest 500,000 barrels a day starting next month, people familiar with the matter said. The deal will mark a compromise between some of the world’s largest manufacturers as …
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