Total U.S. crude inventories rose 1.6 million barrels, or 0.2 percent, to 851.6 million barrels in the week ended March 10 from a week earlier, while commercial inventories broke the five-year average for this time of year, the country’s energy information. The Administration (EIA) said on Wednesday. The pace of local crude oil production was unchanged from the previous week (February 27 to March 3) at 12.2 million barrels per day (MMbpd). Net imports, including strategic reserves, fell 1.72 Mbpd to 1.189 Mbpd week-on-week. Crude exports rose by 1.665 Mbpd to 5.027 Mbpd, according to the EIA’s weekly State of…
Author: Automotivedealernews.com
St. LOUIS COUNTY, Mo. – A man died after being found shot inside a car Thursday evening in north St. Louis. The victim was found around 9:30 p.m. Thursday in the 10400 block of Monarch Drive. Police responded to the area after a ShotSpotter alert alerted them to shots fired. Police say the victim was found inside a car that had crashed in the front yard of a home. He had suffered at least one bullet wound. Trending: Mother of Jefferson County arrestee wants to visit son in ICU First responders took the victim to the hospital, but he later…
G Krishnakumar takes over as CMD of Bharat Petroleum)New Delhi: Bharat Petroleum Corporation Limited (BPCL) on Friday announced that G Krishnakumar has taken over as the company’s Chairman and Managing Director (CMD). Krishnakumar is an industry veteran with diverse leadership experience across businesses and functional domains in his 36-year journey at BPCL.It has been at the core of BPCL’s pioneering work in revolutionizing the fuel retail industry in the country. He has led the organization’s customer-centric businesses in retail, premium fuels and has also been the one to introduce new technology and digital initiatives in the company, a first in…
Audi will introduce more than 20 new or updated vehicles by the end of 2025, starting with a new Q6 E-tron compact electric crossover due in the second half of 2023. More than half of the new vehicles will be electric, and Audi plans to overhaul its naming strategy to ensure customers are clear about which models include electric motors and which models still have an internal combustion engine. In a presentation Thursday outlining Audi’s financial results for 2022, Audi CEO Markus Duesmann said the revised naming strategy will see Audi’s electric vehicles carry an even number in their names…
Comment on this storycommentRussia is using a fleet of older and poorly insured tankers to circumvent Western sanctions on its fossil fuels, raising fears of a potentially catastrophic accident or oil spill as the Kremlin works to finance its invasion of Ukraine, said policymakers and environmental advocates.Concerns have been particularly acute among countries in the Baltic Sea, a shallow body of water that is a northern route for Russian oil shipments. Navigation there can be challenging, especially for crews not used to its icy winter conditions. After restrictions on Russian oil exports were imposed in December, old oil tankers with…
Around the world, there are growing signs that the smooth flow of Russian oil is getting thick. Even after the world’s main oil forecasting agency said output could fall by 30%, the OPEC+ producer’s exports have so far been resilient as sanctions, along with oil price caps Russian, intended to maintain the flow. However, loads are now starting to take longer to find homes. In addition to having implications for Moscow (revenues from oil industry taxes accounted for more than two-thirds of energy tax revenues in February), the development may alarm US officials, who during have long argued that Russian…
Let’s be real here: changing a tire is intimidating. Of course, it is a “practical life skill”. Yes, you can find 100’s of YouTube videos by breaking it down. Still, unless you know, how really knowing all the tools you need and all the steps you will take, fixing a floor is… a lot. Especially if you’re not someone who feels particularly confident, strong enough to carry tires or encouraged to ask questions about cars. “The hardest part of the job is getting [spare] get tired of the trunk, because there’s not a lot of tricks you can use,” said…
source If you have a fleet of vehicles that you use in your business, it’s essential that you stay up to date. This may seem like a big expense in terms of cost and time, and you may currently be doing the bare minimum in terms of fleet maintenance, such as taking your trucks and cars in for service every year. However, the more you can do, the more it will help. Read on to find out why regular fleet maintenance is important. Vehicles will last longer A company vehicle is a big investment, and the last thing you want…
In an effort to slow global warming, the European Union pledged in 2019 to become the world’s first climate-neutral continent by 2050. Despite the COVID pandemic and the war in Ukraine, and the energy crisis associated with it, EU lawmakers continue to push for policies to reduce pollution. They have written some European Green Deal targets into law and are negotiating others. They’ve added green strings to coronavirus relief packages and scrapped rules blocking clean energy projects. “Covid didn’t kill the Green Deal,” said Pieter de Pous, a Berlin-based analyst at climate think tank E3G. “It actually made it stronger.”…
Crude oil rose on Thursday after an open in which futures fell to 15-month lows, trailing the session a day earlier, where crude futures and oil stocks were hit alongside a turbulent day for financial markets driven by banking fears. The price reversal followed reports indicating a meeting between Saudi Energy Minister and Russian Deputy Prime Minister in Riyadh to discuss possible OPEC+ measures to stabilize and balance the market. The commitment to continue pursuing planned production cuts that are already in place reinforced the turn in crude oil futures. Prices were further bolstered by calm indicators from the US…