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.
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.
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.
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%.
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.
To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep raising its short-term rate target, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday in comments that weighed on oil.
The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.
The company did not say what percentage of its European last-mile delivery fleet is electric today, but said those 3,000 zero-emission vans delivered over 100 million packages in 2021.
The 2022 Indian Blue Book (IBB) Report on the used car industry in India is confident that the share of organised used car market will grow to 45 per cent by FY 2027 from current 20 per cent.
Most of us expected Mahindra to swiftly launch EVs, with Tata going great guns with its EV range. But Mahindra had other plans. Rajesh Jejurikar, Executive Director, Auto & Farms, Mahindra & Mahindra explains the delay in the launch of the Mahindra XUV400 EV.
While the used car market in India witnessing a purple patch and is set for significant growth, there are a few issues that are plaguing the market in India. We take a look at the issues plaguing the used car market in India.
While Emil Lindholm and co-driver Reeta Hamalainen in their Skoda Fabia Evo remained unchallenged the entire weekend to secure back-to-back victories in WRC2, current championship leader Andreas Mikkelsen and co-driver Torstein Eriksen finished 7th.
General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.
Okinawa introduces a new app for its connected scooters, called the 'Eco app'. The new app works on Okinawa's connected scooter models which are the iPraise and the Ridge+. The app is offered in both Android and iOS versions.
Toyota Motor Corp's annual global sales of electrified vehicles could reach 5.5 million in 2025, five years earlier than initially planned, a senior company executive said at an industry conference on Tuesday.
Fuel prices in India have gone up again after remaining unchanged for two days. The price of petrol has increased by up to 28 paise, while diesel has become dearer by 30 paise.
The massive demand for SUVs in India is no longer a new phenomenon. The SUV segment, which a few years ago accounted for about just 9 per cent of the total passenger car space, has now grown to nearly 33 per cent.
Sonalika sold 8876 units last month recording an overall sales decline of 2.86 per cent in month-on-month (MoM) basis when compared to 9130 units sold in April 2021.
Volvo Cars India seeks to leverage on the talent available in the country, by being an attractive and inclusive employer and offering the value proposition to contribute to the organisation's journey of creating the cars of tomorrow.
TML Holdings (TMLH), the fully owned subsidiary of home-grown automaker Tata Motors has announced raising $425 million (over Rs. 3,100 crore) through unsecured offshore bonds at a rate of 4.35 per cent.
Kia India claims that this is an industry-first video-based live sales consultation solution which is offered through website scheduling and integration with company's CRM system.
