Author: AEN Staff

Porsche EVs, hybrids to make up half of company sales by 2025

The sale of Porsche EVs and hybrids by 2025 will amount to about half the companies overall deliveries, according to the luxury automaker.   Porsche EVs, hybrids targets one of the auto industry’s most agressive By 2025, EV and hybrid sales by luxury automaker Porsche will account for as many as half the vehicles sold by the company, according to the Porsche’s head of sales and marketing. The Wolfsburg, Germany-based company is getting ready to market the all-electric Mission E sports car in 2019 and says it will add the battery-powered four-door Mission E Cross Turismo next year as well....

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Opinion: Oil prices, or how I learned to stop worrying and embrace the cycle

Deep cycles are a natural condition of oil prices and John Kemp says there is no reason to think the future will be any different.  Anadarko photo. OPEC, major producers can influence oil prices in the very short term By John Kemp LONDON, April 25 – “Discipline” has become the oil industry’s favourite word as it emerges from the deepest and longest downturn in a generation. Senior executives are pledging to maintain a cautious approach to investment and spending despite the recovery in oil prices over the last two years. Business leaders and shareholders are still scarred by the...

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Oil by rail up in second half of 2018, easing bottlenecks: Cenovus

The chief executive of Cenovus Energy says Canadian rail companies have hired and are training crew and are reactivating a number of locomotives to handle increased oil by rail shipments in the second half of this year.  CP Rail photo. Alex Pourbaix, Chief Executive at Cenovus Energy, says he believes oil by rail shipments will increase in the second half of this year, reducing bottlenecks that have resulted in a significant discount for Canadian crude compared to US WTI. In recent months, Canadian oil producers have been struggling to get their crude to market as pipelines are operating at...

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US energy shares up, Q1 earnings forecast to be up 69 per cent over 2017 Q1

US energy shares lost ground and underperformed in 2017, but in 2018 as oil prices continue to climb, investors are putting their money back into energy stocks.  ConocoPhillips photo. US energy shares rise alongside oil prices US energy shares are on the rise in 2018 and some forecasters predict first-quarter earnings could be up as much as 69 per cent over 2017.  This would be the highest percentage gain of any S&P 500 sector, according to data from Thomson Reuters. After underperforming last year, energy stocks are climbing this year and enticing investors who see the trend in crude...

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Oil prices slip on rising US crude stocks, US dollar

Oil prices remained steady on Wednesday, despite data from the US Energy Information Administration showing an increase in US crude inventories by 2.2 million barrels.   Oil prices initially fell following release of EIA data On Wednesday, oil prices dropped slightly after the US Energy Information Administration released data showing US crude stocks along with US crude production rose last week along. By 1:05 p.m., EDT, US West Texas Intermediate was down 15 cents to $67.55/barrel and Brent crude dipped 44 cents to $72.63/barrel.  The Canadian Crude Index slipped 5 cents to $50.01. According to Reuters, a rise in US...

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