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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Could oil production peak before 2030?

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

Consistent with SEC requirements, ExxonMobil reports reserves based on the average of the applicable market price prevailing on the first day of each calendar month during the year. Three new discoveries offshore Guyana in 2017 also contributed to the by-the-bit resource additions.

2017 186
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Transport Ministers endorse 2009 MPG Marathon in Coventry

Green Cars News

Both Ministers have sent letters of support for the annual two-day driving experiment, now in its 7th year, which is set to prove that motorists can save hundreds of pounds per year on their fuel bills irrespective of volatile pump prices. Also a first is the use of Lysanda’s Eco Log on every vehicle.

MPG 32
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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

pled guilty in the District of Connecticut to a commodity price manipulation conspiracy. billion to resolve the government’s investigations into bribery and commodity and price manipulation. The Commodity Price Manipulation Case. On these pricing days, Glencore Ltd. Together, Glencore and Glencore Ltd.,