Oil prices rise as investors focus on U.S. data

Oil futures climbed toward the $50 level on Thursday, driven higher by a bullish outlook following weekly U.S. inventory data, but market participants expected the commodity to trade in a narrow range ahead of a OPEC meeting next week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU7, -0.67% […]

Man or machine?

Vehicle-makers are introducing more wearable equipment to alleviate stresses and strains, giving assembly workers a somewhat cyborg look. AMS reports on the latest innovations being rolled out by Audi and BMW As the robots used in automotive manufacturing become more human, able to work collaboratively and intelligently, in one sense human operatives are becoming more […]

Transocean posts a loss amid string of impairments

Swiss drilling contractor Transocean has posted a half year loss in revenues, due to a number of “unfavorable items” bringing down the accounts. Revenues for up to June 2017 amounted to £1.1billion down compared to the £1.6billion made in the same period last year. The company made a loss of £1.2billion compared to a pre-tax […]