Oil posted a fourth straight weekly gain, the longest winning streak since October, on signs that the market is tightening as global consumption withstands the impact of the omicron virus variant. West Texas Intermediate futures in New York closed up 2.1% on Friday, posting a 6.2% weekly increase. Oil has made a strong start to
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A BMP-2 amphibious infantry fighting vehicle during field firing practice ahead of the 78th birthday of the guards tank army of the Western Military District at the Golovenki range outside Moscow. Sergei Bobylev | TASS | Getty Images WASHINGTON – Intelligence agencies monitoring Russian cyber operations against Ukraine believe Russia’s pattern of activity could signal
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By Joey Klender Posted on January 14, 2022 Recent complaints regarding Tesla’s heating, ventilation, and air conditioning (HVAC) systems have prompted the National Highway Traffic Safety Administration (NHTSA) to discuss the feature with the automaker. Yesterday, Transport Canada launched an assessment into the issues after sixteen complaints. Transport Canada opened an “Issue Assessment Investigation” following
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Diesel markets are jumping everywhere, a positive indicator for oil prices more widely. In Asia, the lowest inventories in years have driven margins from making the fuel to a four-month high. Winter there is chillier than usual and demand for transport, industrial and heating fuels are getting a boost. The continent is contending with significantly
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Service members of the Ukrainian armed forces walk at combat positions near the line of separation from Russian-backed rebels outside the town of Popasna in Luhansk Region, Ukraine January 6, 2022. Maksim Levin | Reuters As high-profile talks between Russian and Western officials continue Thursday, a top-ranking Ukrainian official has described how her country has
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By Joey Klender Posted on January 13, 2022 Tesla Model 3 and Model Y vehicles in Canada are currently under an “Issue Assessment Investigation” by Transport Canada for a potential issue with the heating, ventilation, and air conditioning system (HVAC) during operation in cold weather climates. Transport Canada is a government organization responsible for “developing
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Citing a report which found hybrid cars offered negligible emissions and fuel consumption advantages when tested on Switzerland’s Alpine roads, one Swiss region has decided to “pull the plug” on subsidies – even calling the claims of hybrids’ environmental advantages a “con.” The southern Swiss canton of Valais (Wallis, in German) commissioned a study by
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Libya’s oil production is rising gradually after a blockade of its western fields ended and ports in the east re-opened, according to the OPEC member’s energy minister. Output is 963,000 barrels a day, Mohammed Oun said in a response to questions from Bloomberg on Thursday. Production has fluctuated significantly since mid-December, when militias forced western
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Ubiquitous Energy solar energy capturing windows installed at Michigan State University. Courtesy of Ubiquitous Energy A material science start-up, Ubiquitous Energy, is raising tens of millions of dollars to turn windows into surfaces that capture solar energy. The California start-up announced on Tuesday it closed a $30 million funding round, including an investment from consumer
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Bloomberg | Getty Images Investments related to cryptocurrencies and digital assets are the top threat to investors “by far,” according to new data from the North American Securities Administrators Association (NASAA). “Stories of ‘crypto millionaires’ attracted some investors to try their hand at investing in cryptocurrencies or crypto-related investments this year, and with them, many
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