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An oil well pump jack is seen at an oil field supply yard near Denver

Video: Oil Dips to 7-Year Low On Glut Gloom

As crude oil prices dip to seven-year lows, it appears global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms. Grace Pascoe reports the warning from the International Energy Agency comes after a bad week for markets.
Beijing's Smog Problem

Video: China's Smog Boom For Electric Cars?

After China's first pollution "red alert" this week, the government is regulating the number of cars on roads. But there are no restrictions on electric cars. This could prove to be a boost for an already booming electric car industry, as China is already poised to overtake the United States at the largest market for electric cars.

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