An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
An attack on Saudi Aramco's key oil facility raises questions about whether the schedule for the company's initial public stock offering will go ahead as planned.Energyread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
Elon Musk is aiming for Mars with the massive new rocket SpaceX is developing but, along the way, the company's founder thinks it may be useful for one of NASA's goals: Building a sustained human presence on the Moon.
SpaceX is in the early stages of manufacturing the rocket, called Starship.
"Starship will also be good for creating a base on the moon," Musk said in an interview with Popular Mechanics published Monday.
"We'll probably have a base on the moon before going to Mars," Musk added.
NASA Administrator Jim Bridenstine told CNBC earlier this month that he expects NASA will return to the moon soon, saying "the goal is to have the first human lander on the surface of the moon in 2024." Bridenstine said NASA's lunar plans are also "likely to be a public-private partnership," meaning the government agency will partner with companies like SpaceX to achieve this goal.
Starship is being built at the company's facility near Brownsville, Texas. Musk's company is currently working on a prototype of the rocket. The test version of Starship is shorter than the final version will be. Musk has said the test version is for low altitude "hop" flights (known as VTOL, or Vertical Take Off and Landing), which will not reach orbit.
SpaceX is building Starship to transport humans and cargo beyond Earth's orbit. Musk has advertised Starship as being able to transport up to 100 people to Mars.
The company is also deep in development of the Raptor engine that will power Starship. Earlier in February, Musk showed off a photo and videos of the company test firing Raptor in a series of tweets. A few days later Musk said Raptor passed a key milestone, achieving the "power level needed" to lift the company's Starship rocket. Starship will have seven Raptor engines on board, and the "Super Heavy" booster that launches it will have 31 Raptor engines.
Read the full interview by Popular Mechanics here.