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Indonesia Hikes Fuel Prices To Rein In Ballooning Subsidies
Indonesia raised subsidised fuel prices by about 30% on Saturday.
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GM Startup Cruise Recalls And Revises Self-Driving Software After Crash
General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.
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Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.
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Piedmont To Build Lithium Plant In Tennessee For EV Market
Piedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.
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EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages
Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.
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Former Nigerian Militants Get Contracts To Combat Oil Theft
Nigeria's state oil company has hired a company owned by former militant Tompolo, whose movement's attacks on facilities in the early 2000s crippled oil production, to protect installations and tackle rampant theft, his spokesman said.
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Nigeria's Ogoniland Is Dirtier Than Estimated Despite Landmark Oil Cleanup
Pollution in Nigeria's Ogoniland, which has been part of a landmark cleanup effort involving the United Nations Environmental Programme, could be worse than it previously estimated, a group monitoring the project said in a statement.
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Oil Leaking From Bulk Carrier Off Gibraltar After Tanker Collision
A bulk carrier that collided with an LNG tanker off Gibraltar started leaking fuel oil, authorities in the British overseas territory on the southern tip of the Iberian peninsula said.
Read More →Musk Looks To Delay Twitter Trial Following Whistleblower Claims
Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.
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Top Russian Oil Official Falls To Death From Hospital Window - Sources
The chairman of Russia's second-largest oil producer Lukoil, died after falling from a hospital window in Moscow, two sources familiar with the situation said, becoming the latest in a series of businessmen to meet with sudden unexplained deaths.
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Zelenskiy Advisers Ask TotalEnergies To Reject Russia 'Blood Money' Dividend
Two advisers to Ukrainian President Volodymyr Zelenskiy have asked French oil major TotalEnergies to reject a 440 million euro ($438.02 million) "blood money" dividend from one of its Russian holdings or to spend the money on Ukrainian reconstruction.
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Oil Slides 3% As China Lockdowns Stoke Demand Fears
Oil prices tumbled more than 3% on, as new COVID-19 lockdown measures in China added to worries that high inflation and interest rate hikes are denting fuel demand.
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India's August Diesel Demand Slumps Due To Monsoon Rains
Gasoil sales by Indian state retailers in August fell from a month earlier as monsoon rains restricted mobility.
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China Says Automakers Must Have Licences For Mapping Data In Smart Cars
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
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Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
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Polestar Revenue Doubles As It Rides Electric Car Boom
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
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Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina
Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.
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Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data
World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
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Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
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Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S
Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.
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