Ford will expand self-driving test car fleet to 30
Ford Motor Co ( F.N ) said Tuesday it plans to triple to 30 the size of its fleet of self-driving test cars as part of an effort to accelerate Continue Reading
Faraday Unveils Amped-Up ‘Concept’ Electric Car
Faraday Future Inc. stole a page from the Tesla Motors Inc. TSLA -6.92 % handbook, unveiling an amped-up “concept” electric car in Las Vegas in front of hundreds of media Continue Reading
Oil Rises in Asia Due to Iran-Saudi Arabia Tensions
Growing tension between Saudi Arabia and Iran caused oil prices to jump in the first trading session of 2016, an early sign of how the unstable political situation in the Continue Reading
Oil surges on Saudi-Iran tensions but tumbling Asian markets curb gains
Oil prices jumped in early trading of its first session in the new year as relations between major crude producers Saudi Arabia and Iran deteriorated, although tumbling Asian manufacturing and Continue Reading
Brent Seen by UBS Dropping Near $30 Before 2016 Market Rebalance
Brent oil may decline near $30 a barrel before a reduction in U.S. output helps rebalance global markets in the second half of the year, according to UBS Group AG. Continue Reading
Big oil to cut investment again in 2016
With crude prices at 11-year lows, the world’s biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to Continue Reading
Oil’s prologue likely to be a harbinger of worse things to come
In any assessment of the oil price crash, it is worth remembering Shakespeare’s aphorism: “What’s past is prologue”. In 2015, it appeared that the salient features of the US oil Continue Reading
Iran Says Post-Sanctions Crude Output Boost Won’t Hurt Prices
Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news agency said on Saturday. Iran has Continue Reading
Saudi Arabia cuts ties with Iran as row over cleric’s death escalates
Saudi Arabia cut ties with Iran on Sunday, responding to the storming of its embassy in Tehran in an escalating row between the rival Middle East powers over Riyadh’s execution Continue Reading
EU warns new Mideast tension risks Syria peace effort
The European Union’s foreign policy chief warned Iran’s foreign minister on Sunday that renewed tension between Shi’ite Iran and Saudi Arabia’s Sunni monarchy could wreck efforts to find a political Continue Reading