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Oil hits 2016 high above $40; glut warnings resurface

March 7, 2016 by · Leave a Comment 

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big. Global crude prices have risen more than 40 percent since two months ago when…

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Oil hits 2016 high above $40; glut warnings resurface

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Ford, Toyota ally to counter Silicon Valley in dashboard war

January 4, 2016 by · Leave a Comment 

By Joseph White LAS VEGAS (Reuters) – Toyota Motor Corp and Ford Motor Co said on Monday they will adopt the same software to link smartphone apps to vehicle dashboard screens and invited other automakers to join them to counter Apple Inc and Google's push to control cars of the future. Toyota, the world's largest automaker by vehicle sales, and…

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Ford, Toyota ally to counter Silicon Valley in dashboard war

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Oil rises as market ponders scale of future Iran exports

January 4, 2016 by · Leave a Comment 

By Amanda Cooper LONDON (Reuters) – Oil prices rose on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia's largest economies are struggling. Saudi Arabia, the world's biggest oil exporter…

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Oil rises as market ponders scale of future Iran exports