Auto Industry

Reuters

Dec 31, 2022, 3:32 PM

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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  Reuters | Dec 31, 2022

  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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  Jaiveer Mehra | Dec 31, 2022

  Tata Motors To Complete Acquisition Of Ford’s Sanand Plant On January 10, 2023

  The two companies signed an agreement for Tata Motors to acquire the Sanand plant in August 2022 as part of a deal worth Rs 725.7 crore.

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  Reuters | Dec 30, 2022

  Oil Tank In Colombia's Barranquilla Explodes Into Flames, One Dead

  Operations at Barranquilla's port were suspended until the fire is fully controlled, authorities added.

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  Reuters | Dec 30, 2022

  Hungarian Government Scraps Price Cap On Fuels As Shortage Worsens

  Foreign players have cut fuel shipments to Hungary since the government capped the price of petrol and diesel at 480 forints ($1.22) per litre a year ago.

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  Reuters | Dec 30, 2022

  Oil Settles Lower In Light Trading On China Demand Concerns

  Wednesday's declines also followed three straight sessions of higher settlements on both crude benchmarks.

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  Reuters | Dec 30, 2022

  Oil Rises $3/bbl After Russia Signals Output Cut Due To Price Cap

  Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying.

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  Reuters | Dec 30, 2022

  Ford Adds Work Crew At Michigan Plant As It Boosts Output Of EV Pickup

  The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional crew.

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  Reuters | Dec 30, 2022

  Oil Drops On China Uncertainty; U.S. Demand Limits Decline

  Both oil contracts dipped more than 2% early in Thursday's session, but pared losses as the U.S. dollar slipped, with investors on edge about interest rate hikes.

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