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Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019

Consumer Prices Up 0.4% in October; Gasoline Prices Surge

WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March.

November 13, 2019

Diesel Climbs 1.1 Cents to $3.073 a Gallon

The U.S. average retail price of diesel rose 1.1 cents to $3.073 a gallon, the Department of Energy reported Nov. 12, the day after the national Veterans Day holiday.

November 12, 2019

Offshore Oil to Peak in 2020, Then Join Shale in Market Drop, Analysts Say

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

November 12, 2019

Pemex Faces Payment Problems After Cyberattack Shut Down System

A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.

November 12, 2019

ASCE to Unveil Puerto Rico Report Card Nov. 12

The American Society of Civil Engineers announced it plans to unveil a report card on Nov. 12 on the status of Puerto Rico’s infrastructure, two years after significant aspects of the island’s infrastructure were damaged severely as a result of two hurricanes.

November 8, 2019

Oil Falls Amid Uncertainty Over Trade War, OPEC Supply Cuts

Oil fell as traders awaited more concrete signs that the U.S. and China are resolving their trade dispute, and amid concerns that OPEC and its partners won’t deepen output curbs to prevent a glut.

November 8, 2019

CARB Rule Would Set Sale Quotas for Zero-Emission Trucks

The California Air Resources Board has proposed a regulation requiring that manufacturers sell a set percentage of zero-emissions battery-electric and fuel cell trucks beginning with model year 2024.

November 6, 2019

Shale Oil Pioneers Say the Boom Times Are Over

The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

November 6, 2019