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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Ford will recall 875,000 F-Series trucks due to fire risks caused by heater cable issues. According to reports, the recall will include F-150 models from 2015 through 2019, as well as F-250,350,450 and 550 trucks from 2017 through 2019.  The company said water and contaminants can get into the heater cable and cause corrosion. This […]

A new report from the Bureau of Labor Statistics shows the meat processing industry reached an all-time low number of non-fatal accidents and illnesses at work. According to the report, which tracks numbers from the previous year, 2017 saw 4.8 cases of occupational injuries per 100 employees amongst meat processors. That is down from 5.3 […]

Germany-based engineering firm IAV GmBH will pay a $35 million fine after pleading guilty to one count of conspiracy to defraud the United States for its role in the Volkswagen emissions scandal. According to reports, the company allegedly worked alongside Volkswagen engineers to develop software to temporarily alter performance of VW’s Gen 1 diesel vehicles. […]

Fourth quarter orders for machine tools and metalworking equipment totaled $1.6 billion, the highest total since 1998. The huge quarter brings the year to date number in 2018 to $4.5 Billion, a 24 percent increase over 2017. According to reports from the Association for Manufacturing Technology, the huge number comes despite a month-to-month decline from […]