ENERGY

OPEC+ will keep oil policy unchanged in review talks, sources say

OPEC met on Saturday for admin discussions No discussions of Russian price cap so far – delegates OPEC+ to hold virtual meeting on Dec. 4 LONDON/DUBAI, Dec 3 (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group …

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Gas Prices Are Plummeting—but Republicans Haven’t Noticed

photo: Rogelio V. Solis (AP) It’s suddenly a lot less painful for Americans to pay for gas—but don’t tell that to the House’s new GOP leadership, who are determined to keep falsely blaming climate action for high energy prices. According to the American Automotive Association, the national average for a gallon of gas on Thursday …

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OPEC+ seen heading for oil policy rollover, cut not ruled out

OPEC+ seen sticking with current policy – delegates Group to hold virtual meeting on Dec. 4 Kuwait KPC CEO: buyers not seeking more oil, maybe seeking less Analysts, some delegates say don’t rule out cut LONDON/DUBAI, Dec 2 (Reuters) – OPEC+ is likely to stick to its current oil output target when it meets on …

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Toyota secures funding to develop hydrogen fuel cell version of Hilux

A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Arthur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in funding to develop a hydrogen fuel cell pickup truck in …

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Oil output cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the …

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Russian oil sanctions are about to kick in. And they could disrupt markets in a big way

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine. Andrey Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail to set a cap on …

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Tesla to Dominate US EV Sales Through 2030, But GM Is Catching Up, Report Says

text size GM plans to ramp up EV production and sales in coming years. Mandel Ngan/AFP/Getty Images Tesla has the lion’s share of the market for battery electric cars in the US it is going to be the electric-vehicle leader through the end of the decade. Tesla has left itself vulnerable in one way though, …

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