Most expensive car ever built sells for $19M at Swiss auto show
French automaker Bugatti unveiled the most expensive vehicle ever built at a show in Switzerland Tuesday to mark its 110th anniversary — and it’s already been sold. The vintage sports…
Business
IEA: Oil market to adjust after initial Venezuela disruption
The Paris-based International Energy Agency said that in terms of crude oil quantity, markets will adjust after initial dislocations related to U.S. sanctions on Venezuela. “The sanctions are already making…
Shell, Eni, ExxonMobil win concessions in Egypt oil, gas exploration tender
Shell won most of the concessions in an oil and gas exploration tender organized by the Egyptian natural gas holding company and the country’s General Petroleum Corporation. According to Daily…
Oil, gas discoveries announced in South Africa, Guyana
France’s Total reported an offshore gas finding in South Africa while ExxonMobil separately reported two new discoveries offshore Guyana. “Total has opened a new world-class gas and oil play and…
Oil nearly flat in pause after previous session’s gains
Crude oil prices were nearly flat Thursday morning in what was seen as a pause after gains in the two previous sessions, while traders weighed the impact of possible geopolitical-related…
Refineries, investors fear crude shortages over possible Venezuela sanctions
An unexpected rise in U.S. crude inventories offset fears of potential risk to Venezuelan crude supply because of possible sanctions. On Thursday, March West Texas Intermediate crude fell 3 cents,…
Ronaldo fined $21.6M after pleading guilty to tax fraud
Soccer star Cristiano Ronaldo pleaded guilty to tax fraud in a Madrid Court Tuesday and agreed to pay $21.6 million in fines. Ronaldo also received a two-year suspended prison sentence…
Volvo recalls more than 200,000 diesel cars for possible fuel leakage
Volvo said Tuesday it’s recalling more than 200,000 diesel cars because of the possibility of fuel leakage into the engine. The recall is connected to 11 models totaling 219,420 vehicles…
Leonardo to support British Apache helicopters under $379M deal
Britain awarded a $379 million contract to Leonardo Helicopters to support the country’s existing fleet of 50 Apache attack helicopters through 2024. Defense Minister Stuart Andrew made the announcement Thursday…
EIA sees fuel prices below 2018 average for the next two years
The United States average retail gasoline prices will be lower this year and in 2020 compared with 2018, but will be higher than they are now because of impacts from…
