General Motors will add hybrids in multiple segments, CEO Mary Barra told analysts Oct. 20, with US gasoline at $4.28 a gallon, up from $3.04 a year earlier. GM’s US sales fell 6% in the third quarter, while Toyota’s sales of electrified vehicles rose 28.5%.
Robust crude oil flows out of the Middle East in recent weeks have started to pressure the key metric of strength for physical supply out of the region.
Curious Minds Corner
What is a petroleum source rock?
An organic-rich rock capable of generating hydrocarbons when exposed to sufficient heat and pressure.