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Oil Industry Poised for More Growth in 2019

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2018 was a banner year for oil and gas and while the industry may slow a little bit in 2019, its still poised to see growth. In 2018, oil production in the United States averaged about 10.8 million barrels per day (B/D). In November, production went as high as 11.6 million B/D, the highest in […]

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Volkswagen Announces Six New Fleet Incentives

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Volkswagen announced it will add fleet incentives for six vehicles in its 2019 lineup. The automaker also said it will modify two more incentives that had already announced, according to sources. The incentives include a $1,000 incentive on several golf models, including the Golf, Golf SportWagen, Golf Alltrack and GTI. The high-end Golf R and […]

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Automotive Industry Showcases New Tech at 2019 Consumer Electronics Show

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The Consumer Electronics Show, which took place Jan. 8-11 in Las Vegas, has long been a forum for tech companies to introduce their latest and greatest innovations. While it might conjure up images of 3D printers, high end smartphones and augmented reality, the automotive industry also had a major presence at the 2019 event. From […]

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Citing Transparency, Tiffany & Co. to List Origin of Diamonds

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In what its CEO calls an effort to be more transparent, retailer Tiffany & Co. has announced it will begin identifying where its diamonds are sourced from. As of Jan. 9, customers at the retailers’ stores will see origin information displayed alongside all diamond rings. According to sources, store employees will also be able to […]

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New AP President Sommers Highlights Record Production for State of American Energy Address

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New President Mike Sommers highlighted record production while calling on government officials to promote open markets and expand infrastructure during the 9th annual American Petroleum Institute (API) State of American Energy address. Sommers spoke to more than 400 government and industry leaders at the annual event, his first as API president. He highlighted a record […]

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Honda Introduces Dream Drive Prototype

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Honda introduced a prototype of its Dream Drive interface at the Consumer Electronics Show (CES) 2019 in Las Vegas. First introduced as a concept at CES 2017, Dream Drive will aim to provide services and entertainment to both drivers and passengers while reducing driver distractions. According to reports, potential services will include the ability for […]

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Goldman Sachs Cuts Average Oil Price Forecast

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Citing an increase in production and growth in the American shale market, Goldman Sachs significantly reduced its average oil price forecast for 2019. According to reports, Goldman is now predicting and average price of $62.50 a barrel for Brent crude this year. They had initially predicted prices would average around $70. A statement from the […]

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More than 95 million tons of steel manufactured in the United States in 2018

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More than 95 million tons of steel were manufactured in the United States in 2018, the most since 2007 and in increase in 6.2 percent from 2017. According to the American Iron and Steel Institute (AISI), American mills averaged running at about 78 percent production capacity, up from about 74 percent the year prior. While […]

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Looking Ahead to 2019

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2018 was a year of change for the lubricant industry. Emerging technology, increased focus on American energy and a shifting automotive landscape have all left their mark on all of the industries in PetroChoice’s orbit. While 2018 saw major advances and market changes begin to take root, 2019 could be the year they come to fruition. Here […]

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AutoHaul network Officially Up and Running in Australia

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Rio Tinto’s AutoHaul network is officially up and running in Australia, making it the world’s first automated long distance, heavy haul rail network. The mining giant, which has its headquarters in London, had completed its first successful automated run with a load in July. According to reports, they have been gradually increasing the number of […]

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