Saudi Arabia wants oil prices to rise to $60 in 2017

Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab Emirates, Kuwait and Qatar – believe would encourage investment in new fields but not lead to… Please follow and like us:

Read More

Tesla ‘on track’ to begin building Model 3 in July

Tesla has reported a loss for the last three months of 2016 – but revealed production of its much anticipated Model 3 is still on track. Tesla posted its first profit in three years in last year’s third quarter and had predicted net income in the fourth quarter, but instead, Tesla lost $121.3 million, or 78… Please follow and like us:

Read More