Low gas prices expected to continue in 2016
The average U.S. household has saved an estimated $700 this year because of lower gas prices. And drivers can expect more savings in 2016.
Traders fret Saudi Arabia-Iran conflict may result in fresh flood of oil
Some analysts say the tensions in the Middle East are more likely to prompt the Saudis and Iranians to boost output in an already saturated global market.
Oil market is a battlefield for Saudi Arabia-U.S. war
What we are seeing today in the oil market is no less than war to the death between Saudi Arabia and the North American oil industry, Gal Luft, co-director of the Institute for the Analysis of Global Security (IAGS), a Washington based think tank focused on energy security, believes.
Oil’s prologue likely to be a harbinger of worse things to come
The effects of the fall in the oil price are still only beginning to work through. All we have seen so far is the prologue to what are likely to be more dramatic events in 2016.
U.S. voices ‘concerns’ over Saudi Arabia executions
Saudi Arabia remains one of the United States’ most crucial allies in the Middle East, a longstanding relationship built on oil money and national security interests.
Faraday Future unveils Batmobile-like electric concept car at CES
The wait is over. Faraday Future, the secretive Chinese-backed Gardena automaker, finally unveiled its first concept car at CES: a sleek, silver-and-black Batmobile-esque electric vehicle called the FFZERO1.
Iran says its planned boost in oil exports won’t harm market
Iran is trying to regain its lost share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are lifted from its economy, Oil Minister Bijan Namdar Zanganeh said.
The dirty truth about ‘clean diesel’
Volkswagen played a leading role in convincing people to accept a technology that in many countries is causing a precipitous decline in air quality for millions of city-dwellers: the diesel engine.
DOJ seeking billions from Volkswagen, Audi and Porsche in new lawsuit
The Justice Department has filed a federal lawsuit against Volkswagen, Audi and Porsche that seeks billions of dollars in penalties over claims that the car companies installed devices to deliberately misreport emissions.
Expert: Oil may fall to $18 amid Saudi-Iran tensions
Oil prices could break below $20 this year as tensions rise between Iran and Saudi Arabia, two of the world’s largest oil players, Again Capital founding partner John Kilduff said Monday.
