Breaking News

The U.S. expects domestic oil production to reach new heights this year and next, and that prices – for both crude and gasoline – will be lower than they were in 2018.

Starting mid-April, production will be cut to 42 airplanes per month from 52, the company said on Friday, but Boeing said that it does not plan any layoffs due to the reduction in output.

Chinese tech giant Alibaba has opened two data centers in London that will provide cloud computing and artificial intelligence services to European businesses, the company announced on Monday.

U.S. Crude Oil Inventories Rose by 10.27M Barrels Last Week: EIA

The US Department of the Interior has announced the discovery of the largest continuous oil and gas field ever found, estimated to contain 46.3 billion barrels of oil, 281 trillion ft³ of natural gas, and 20 billion barrels of natural gas liquids.

U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude supplies will swamp global demand as U.S. output keeps growing from record levels.

Groupe Renault and JMCG announce an agreement in EV on the fast-growing Chinese market, which represents today 50% of the worldwide EV market

The National Aeronautics and Space Administration (NASA) published a proposal for developing a blockchain-powered infrastructure for air traffic management, that is expected to provide security, authentication, and privacy.

GlaxoSmithKline will partner with Merck KGaA, Darmstadt, to co-develop and co-commercialize the cancer immunotherapy candidate M7824 (bintrafusp alfa), through a collaboration that could generate more than €3.7 billion ($4.2 billion) for German Merck.

Ford is investing $500 million in electric pickup truck maker Rivian, saying the two companies will work together to develop a new battery plug-in vehicle for Ford.