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Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.
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Long Petrol Queues In Tunisia Stir Anger After Promise Of Fuel Deliveries
Many petrol stations started running out of fuel over the weekend as imports slowed and national supplies dropped, leading to lines of cars stretching kilometres in some places, causing bad traffic in Tunisian cities.
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Hyundai's Air Taxi Unit Picks Honeywell As Avionics Supplier
Under the collaboration, Honeywell will work with Supernal, Hyundai's U.S.-based eVTOL firm, to explore integration of the aerospace supplier's 'Anthem' flight deck into the air taxis, which are slated to enter commercial service in 2028.
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Ukraine To Impose Electricity Supply Restrictions
Ukraine has started restricting electricity supplies across the country after Russia knocked out more power plants.
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Slovakia's InoBat Eyes Electric Car Battery Plant In Spain
The declaration is not a finalised agreement and other locations, including the United Kingdom, remain under consideration for its Western European gigafactory, the company added in a statement, explaining that it plans to make a decision on the location before the end of the year.
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BMW Invests $1.7 Billion To Build Electric Vehicles In U.S
BMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.
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Hyundai Breaks Ground On $5.5 Billion U.S. EV, Battery Plant
Hyundai broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.
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India Pushes Oil Refiners To Diversify After Surprise OPEC+ Cuts
As the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.
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CGT Union Shuns TotalEnergies Talks As French Petrol Crisis Drags On
Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.
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Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price Surge
Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.
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Ecuador Private Oil Pipeline Reports Spill Following Vandalism
The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.
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CGT Union Votes To Continue Strike At TotalEnergies' French Refineries
Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.
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Oil Steady As Recession Woes Counter Positive Chinese Signals
China's central bank rolled over maturing medium-term policy loans on Monday while keeping its key interest rate unchanged for a second month, in a signal that loose monetary policy would be maintained.
Read More →Fire At Indian Oil's Haldia Refinery Injures Three -Local Media
In December last year, a fire killed three people and injured 44 during maintenance-related work at the refinery.
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UAE Says It Fully Stands With Saudi Arabia To Support Energy Stability, Security
UAE also added that it supports the Saudi foreign ministry's statement regarding the latest OPEC+ decision and rejects statements that push for politicising it, WAM said.
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Rupee May Track Asian Peers Higher; U.S. Yields, Oil Prices In Focus
The rupee is seen opening at 82.25-82.30 per U.S. dollar. On Tuesday, the rupee finished at 82.36, a level almost flat to the dollar, after attempting to strengthen above 82-mark at one point.
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Honda Motorcycle & Scooter India to launch flexi-fuel model by end-2024
Honda Motorcycle and Scooter India plans to launch a flexi-fuel model of motorcycle in India by end-2024, the company's CEO said on Wednesday.
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U.S. Says Russia Oil Price Cap Will Not Be Aimed At OPEC
The comments could help ease a spat between the United States and Saudi Arabia, the top oil exporter and de facto OPEC leader, over what Washington sees as collaboration with Russia to deprive markets of supply just as a global recession looms.
Read More →Oil Up In Tight Market As U.S. Sets Release Of More Reserves
Brent crude futures for December settlement ended up $2.38, or 2.6%, to $92.41 a barrel. U.S. West Texas Intermediate crude (WTI) for November, which is expiring on Thursday, ended at $85.55 a barrel, up $2.73, or 3.3%.
Read More →Strikes End At Some Of Total Energies' French Refineries
With an eye on the autumn school break that starts at the end of the week, members of the French government, who forced some fuel depot staff to return to work earlier this week, repeated that a back to normal situation was within reach.
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