Global oil markets are getting a lifeline from covert ship-to-ship transfers off the coast of Oman, where satellite data shows 12 cargo switches occurred on August 10 alone. These transfers are keeping millions of barrels flowing despite recent attacks on…
General Motors has agreed to sell its 49.99% stake in a planned $3.5 billion electric-vehicle battery joint venture in Indiana to Samsung SDI, the South Korean battery giant announced on August 11, 2026. Samsung SDI will acquire the stake and…
President Donald Trump has extended a 90-day Jones Act waiver, allowing foreign-flagged vessels to transport select energy commodities between U.S. ports, but with stricter conditions. The waiver, finalized on August 10, 2026, now requires case-by-case reviews for individual voyages, a…
Global oil prices climbed for a second straight day on Tuesday, extending Monday’s 5% surge as geopolitical tensions over the Strait of Hormuz kept markets on edge. Brent crude oil, the international benchmark, rose 2.4% to $89.80 per barrel, while…
The UK new-car market has flipped the script on transmissions: automatic gearboxes now dominate to an unprecedented degree. Fresh registration data shows that 92% of all new cars ordered in Britain this year came with automatic transmissions, while only 7.9%…