US E&P firms engineered a spectacular recovery from the financial near-disaster caused by the pandemic. They rode a rising tide of commodity prices to generate record profits and cash flows that peaked in mid-2022 when West Texas Intermediate (WTI) hit $114/bbl in May and gas prices natural exceeded the $9/MMBtu mark in August. But maintaining this level of profitability has been an uphill battle against commodity prices that have fallen significantly since their peak, as well as persistent inflation that has burdened the entire economy. In today’s RBN blog, we analyze the impact of this battle on oil and gas…
Author: Automotivedealernews.com
CINCINNATI (WXIX) – Two children were hit by a car in West Price Hill Tuesday night, according to Cincinnati Police.It happened around 9pm at the intersection of Heyward Street and 1st Avenue.The children are 3 and 9 years old. The parents took the children to the hospital, and the 3-year-old has since died, according to CPD Capt. Joe Robinson.The 9-year-old boy is at Cincinnati Children’s Hospital Medical Center for treatment. The driver is cooperating with the police. No word on what caused the crash. See a spelling or grammar mistake in our story? Click here to report it and include…
The Creators Wanted Tour, a joint project of the National Association of Manufacturers and the Manufacturing Institute, set new records at the “Greatest Spectacle in Racing” – the Indianapolis 500. By the numbers: The 17th tour stop, generously sponsored by Snap-On, allowed nearly 1,600 young fans and their families to experience modern manufacturing firsthand. In addition, more than 72,000 students and career mentors registered online to learn more about manufacturing careers. To date, more than 10,000 students have participated in the immersive experience since its launch in October 2021, with 84% of participants reporting an enhanced view of modern manufacturing…
Alberta Premier Danielle Smith and her United Conservative Party retained control of Canada’s top oil-producing province in an election on Monday, setting up a series of energy policy showdowns with Prime Minister Justin Trudeau. Smith’s UCP won 49 of the 87 seats in the provincial legislature to form a majority government, defeating the left-leaning New Democratic Party. Smith, 52, became prime minister last fall by winning the leadership of his party after his predecessor, Jason Kenney, stepped down amid dissatisfaction with his handling of the pandemic. “We must continue to strengthen and diversify our incredible economy, and I want to…
While the GR Yaris may have put the once-humble hatch on the radar of enthusiasts, the unrefined version by Tommi Mäkinen has been generating volume sales for the Japanese automaker. Over the past 25 years, more than 10 million superminis have been sold. While it’s no longer offered in the U.S. (with the discontinued American model based on the Mazda 2 anyway), the fourth-gen is getting an update for Europe, with an expanded hybrid lineup, improved safety features and a revamped infotainment system. More powerful hybrid offering Changes for 2023 start with a new “Hybrid 130″…
Symptoms of smoke inhalation include dizziness and poor short-term memoryAirlines have been urged to do more to protect passengers and crew from toxic cabin fumes.Holidaymakers are exposed to air contaminated by motor oils or hydraulic fluids, the International Smoke Events Task Force has warned.Symptoms include dizziness, short-term memory impairment, short-term fatigue and headache, short-term breathing difficulties, and long-term uncontrollable coughing.The task force has developed a “protocol” for responding to suspicious incidents to help determine if medical attention is needed and collect data.Smoke events occur when the ventilation air supplied to the cabin and flight deck is drawn directly from the…
The mission of the Philadelphia Union Foundation is to harness the power of soccer to be an agent of change in the Chester community, and their work with Chester High School Soccer is one of the many ways they bring that vision to life on a daily basis. On Tuesday afternoon, the Union hosted a group of student athletes from the team for a stadium tour, where they had the opportunity to help the club prepare for Foundation Night festivities by use your best artistic skills. They were tasked with painting the vehicle used for the annual Car Smash; with…
New Jersey, United States – Verified Market Research recently published a research report titled “Global Automotive Engine Oil Market Overview, Forecast to 2030” evaluating several factors that affect its trajectory. The Global Automotive Engine Oil Market report offers a complete, accurate and high-quality research study to equip players with valuable insights for making strategic business decisions. Research analysts have provided an in-depth segmental analysis of the global automotive engine oil market based on type, application, and geography. The vendor landscape is also clarified to inform readers about future changes in market competition. As part of the competitive analysis, the report…
The Neom hydrogen project, part of a $500 billion industrial and tourism development on Saudi Arabia’s Red Sea coast, will begin producing transportation fuel next year, according to the head of the company. By mid-2024, Neom will be making hydrogen for vehicles such as buses and trucks, said Dave Edmondson, CEO of Neom Green Hydrogen Co., in Dubai. A larger, export-focused plant is also being developed. NGHC, a venture between local company ACWA Power, state-backed Neom and US-based Air Products & Chemicals Inc., is part of Riyadh’s ambitious plans to expand into cleantech industries while prepares for a future beyond…
You’d think Toyota would have the sport utility formula figured out long ago given its many popular models. But there’s long been a huge hole in Toyota’s SUV lineup, with the transition from the Highlander crossover to the particularly large-bodied Sequoia.play iconThe triangle icon that indicates playWhile it’s a very popular vehicle (more than 3.3 million sold to date), the Highlander’s middle row isn’t exactly world class, and its paltry third row is no match for the likes of the Honda Pilot, Hyundai Palisade, Jeep Grand Cherokee. L, and Kia Telluride. Meanwhile, the product gap became a chasm when the…