Something is stirring in the world’s iron ore markets. As of last Friday, benchmark ore delivered to China’s Qinhuangdao port was down 28 percent since the start of the year to $56.75 a metric ton. Then, suddenly, things changed: In just four days this week, it’s recovered more than a third of those losses to $64.71. Barring a major crash …

Volvo’s announcement that it intends to starts phasing out purely gasoline- and diesel-powered cars starting in 2019 in favor of electrified models appears strategically timed to coincide with the start of production of Tesla’s Model 3, which should be hitting the streets by the end of this month. It’s scary news for Tesla: The market for electric cars is largely …

Bloomberg Saudi Arabian Oil Co., the world’s largest oil exporter, increased production to an annual record last year before the kingdom led OPEC and other major producers to curb output to counter a global oversupply. Crude production averaged 10.5 million barrels a day compared with 10.2 million barrels in 2015, the state-owned company known as Aramco said in its annual …