Category: Oil (Petroleum) and Gasoline

GM Aims to Bring ‘Eyes-Off’ Driving to AI-Powered Cars Within 2 Years

The New York Times – Business:
General Motors is seeking help from artificial intelligence to keep up with Chinese companies that introduce vehicles very quickly.
U.S. to Tap Heating Oil Reserves Ahead of Midterm Elections

The New York Times – Business:
The Trump administration will release 315,000 barrels of heating oil, but analysts say the amount is too small to make much of a difference.
Britain Approves New Gas Drilling in the North Sea

The New York Times – Business:
The project will lessen the country’s dependence on imported energy, though environmental advocates say it undercuts a pledge to reduce carbon emissions.
Britain Is Said to Approve New Gas Drilling in the North Sea

The New York Times – Business:
Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.
Britain Is Said to Approve New Gas Drilling in the North Sea

The New York Times – Business:
Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.
Trump Announces $8 Billion Plan to Cover Farm Losses

The New York Times – Business:
Under the Harvest Fuel Relief program, the Agriculture Department will provide economic aid for farmers hurt by high diesel prices.
Saudi Arabia Postpones Its FII Investment Event After Houthi Attacks

The New York Times – Business:
The Future Investment Initiative, a centerpiece of Saudi efforts to diversify its economy from its reliance on the energy industry, was set to begin next week.
Mortgage Rates Hover at 7.4%, Highest Since 2023

The New York Times – Business:
The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
Tech Stocks Plunge as Doubts Over A.I. Spending Intensify

The New York Times – Business:
Tech stocks plunged, led by a steep drop in South Korea’s benchmark index, as concerns over soaring A.I. spending and stubborn inflation fueled a sell-off.
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady

The New York Times – Business:
Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady

The New York Times – Business:
Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
Why Easing Sanctions on Russian Diesel Is Unlikely to Lower Fuel Costs

The New York Times – Business:
President Trump’s deal with Russia will probably not lower diesel prices that have soared because of his war with Iran and Ukrainian attacks on Russian refineries.