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FedEx Unit To Test Ford's Electric Vans For Parcel Delivery
FedEx Office will pilot Ford Motor Co's electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp said, as part of the delivery giant's move to cut its fleet's tailpipe emissions.
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Tesla Discloses Lobbying Effort To Set Up Factory In Canada
Tesla Inc is lobbying the Ontario government as part of an effort to set up an "advanced manufacturing facility" in Canada, a filing by the electric-vehicle maker to the province's Office of the Integrity Commissioner showed.
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Oil Settles Lower As Halted Russian Pipeline Flows Appear Temporary, Demand Fears Rise
Oil prices settled slightly lower after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.
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Oil Drops On Druzhba Pipeline News And U.S. Inflation Expectations
Oil prices edged lower on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators.
Read More →Oil Slips Amid Chance Of Iran Nuclear Deal Supply Boost
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market.
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China Drafts Rules On Use Of Self-Driving vehicles For Public Transport
China should adopt autonomous vehicles in passenger transport with care, the country's Ministry of Transportation said in drafted rules to regulate the self-driving industry.
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Baidu CEO Says EV Arm's Autonomous Driving Tech Will Be Ahead Of Tesla
Baidu's electric vehicle (EV) firm Jidu Auto will be one-generation ahead of Tesla in terms of autonomous driving technologies, Baidu chief executive Robin Li said in a statement.
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Chip And Carmaker CEOs Meet Ahead Of Biden Signing
On Tuesday, President Joe Biden will sign legislation to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China.
Read More →Big Oil Offers Big Returns But Keeps Spending Tight
The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.
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Oil Edges Up Ahead Of OPEC Meeting Despite Recession Worries
Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.
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Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns
Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.
Read More →Russian Crude Prices Recover On Strong India, China Demand
Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.
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OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report
OPEC+ sees this year's oil market as slightly less supplied than previously thought.
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Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears
Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.
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Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks
Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.
Read More →Oil Prices End Week On Multi-Month Lows On Recession Fears
Oil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.
Read More →Oil Prices Rise From Multi-Month Lows On Supply Concerns
Oil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.
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Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources
Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.
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Oil Falls To Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build
Oil prices slid about 4% to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd).
Read More →Oil Prices Rebound On Supply Concerns After Drop To Near 6-Month Low
Oil prices rose as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.
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