Author Archive: AEN Staff

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Uber agrees to buy up to 24,000 autonomous Volvo cars

Uber agrees to buy up to 24,000 autonomous Volvo cars

Uber deal marks shift from app to operator of a fleet of cars On Monday, Uber and Volvo announced a deal between the two companies that will see the ride-hailing service company shift to become the operator of a fleet of cars. According to Reuters, Uber plans to buy up to thousands of self-driving cars […]

By November 20, 2017 0 Comments Read More →
Oil prices ease as traders, analysts on edge prior to OPEC meeting

Oil prices ease as traders, analysts on edge prior to OPEC meeting

Rising US dollar also impacts oil prices Oil prices dipped on Monday on traders’ and analysts’ concerns over the possible extension of the OPEC supply cut as well as a rising US dollar. By 2:06 p.m. EST, Brent crude prices had fallen 74 cents to $61.98/barrel and US WTI was down 60 cents to $56.171/barrel. […]

By November 20, 2017 0 Comments Read More →
Column: Oil prices stall as record bullish position makes funds wary

Column: Oil prices stall as record bullish position makes funds wary

Brent oil prices up almost $20/barrel since June By John Kemp LONDON, Nov 20 – Hedge funds increased their bullish position in petroleum futures and options to a new record last week, but the first signs of caution started to emerge. Fund managers raised the number of long positions in the five major futures and […]

By November 20, 2017 0 Comments Read More →
Keystone XL pipeline route approved by Nebraska regulators

Keystone XL pipeline route approved by Nebraska regulators

Last big regulator hurdle to Keystone XL cleared On Monday, the Nebraska Public Service Commission announced it approved TransCanada’s Keystone XL pipeline through the state, but the route chosen is not the company’s preferred path. The 3-2 decision helps move forward the $8 billion project which will ship Alberta oil sands bitumen to refineries on […]

By November 20, 2017 0 Comments Read More →
$250,000 Tesla Roadster upstages Tesla Semi unveiling

$250,000 Tesla Roadster upstages Tesla Semi unveiling

Tesla Roadster has 620 mile range On Tuesday evening just as Elon Musk wrapped up the Tesla Semi reveal, the Tesla Roadster wowed the crowd when it drove out of the big truck’s trailer, into the spotlight. Tesla Chief Executive Elon Musk said the second-generation $250,000 EV would be the fastest production car ever. The […]

By November 17, 2017 0 Comments Read More →
Fleet of GM EVs to be released in 2021, challenging Tesla, Ford

Fleet of GM EVs to be released in 2021, challenging Tesla, Ford

GM EVs to be built on platform that will accommodate multiple sizes, segments General Motors CEO Mary Barra told investors on Monday that the new family of GM EVs, expected to launch in 2021, will be profitable for the number one automaker in the United States. Barra’s plans are seen as a direct challenge to […]

By November 17, 2017 0 Comments Read More →
Oil prices rise, but still on track for weekly drop

Oil prices rise, but still on track for weekly drop

Oil prices rise Friday after five straight days of losses Oil prices rose on Friday after five straight days of losses on expectations that OPEC will extend its agreement to reduce output as well as the shutdown of the Keystone pipeline after a leak was reported on Thursday. By 1:31 p.m. EST, Brent crude had […]

By November 17, 2017 0 Comments Read More →
Column: Distillate fuel oil market set to tighten in 2018

Column: Distillate fuel oil market set to tighten in 2018

Most distillate fuel oil used for high-powered engines By John Kemp LONDON, Nov 17 – US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018. Even if the northern hemisphere winter is only averagely cold, the distillate […]

By November 17, 2017 0 Comments Read More →
Tesla Semi unveiled Thursday as company struggles with Model 3 roll out

Tesla Semi unveiled Thursday as company struggles with Model 3 roll out

Tesla Semi release helps boost company shares On Thursday evening, Tesla Inc. will unveil its Tesla Semi, the company’s prototype electric big rig truck, at a time when the Palo Alto based company is struggling to produce its Model 3 sedan. The unveiling will be seen live, at Tesla.com at 8 p.m. PST. Tesla’s Chief […]

By November 16, 2017 0 Comments Read More →
Oil prices dip for fifth straight day on rising US production, inventories

Oil prices dip for fifth straight day on rising US production, inventories

Oil prices could drop more if OPEC deal not extended Oil prices dipped Thursday on rising US production and crude stocks, dampening the recent rally spurred by tightening global supply due to OPEC’s supply cut pact. As of 1:36 p.m. EST, benchmark Brent was down 32 cents to $61.55 and US WTI fell by 4 […]

By November 16, 2017 0 Comments Read More →