Auto Industry News
Global Stocks, Oil Prices Slip As Rising COVID Cases Prompt Chinese Lockdowns
Global stocks and oil prices slipped as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities to reinstate lockdowns.
Oil Rises 1% As OPEC+ Focus On Supply Cuts Outweighs Recession Concerns
Nov 30, 2022 09:59 PM
Oil prices rose about 1% after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market.
Indian Refiners Becoming Wary Of Buying Russian Oil As EU Sanctions Loom - Report
Nov 30, 2022 09:58 PM
Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism.
India's October Fuel Demand Rises On Festive Season Boost
Nov 30, 2022 09:58 PM
India's fuel consumption rose to its highest in four months in the festival month of October.
Foxconn To Become Biggest Shareholder In Lordstown Motors With Up To $170 Million Investment
Nov 30, 2022 09:58 PM
Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the EV maker.
Bosch CEO Sees Inflation Weighing On Margins But Could Ease Chip Shortage
Nov 30, 2022 09:57 PM
Bosch sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation.
Indian Minister Urges OPEC+ To Consider Impact On Consumers At Dec Meeting
Nov 30, 2022 09:57 PM
India's oil minister urged the OPEC+ alliance of oil producers to bear in mind the impact of their upcoming decision.
Haiti Police End Gang Blockade Of Fuel Terminal, Sources Say
Nov 30, 2022 09:56 PM
Haitian police have taken control of a fuel terminal that had been blockaded by armed gangs since September.
Rupee Posts Tenth Monthly Decline On Weak Asian Peers, Oil Price Worries
Nov 30, 2022 09:56 PM
The Indian rupee chalked up its tenth straight monthly fall after slipping versus the dollar, on concerns over oil prices and in line with losses in most other Asian currencies.
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