Auto Industry News
Oil Reverses Losses, Demand Concerns Persist
Oil prices edged higher in volatile trading as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from leading crude buyer China limited gains.
Oil Dips As Slowdown Worries Limit Price Gains
Nov 30, 2022 06:28 PM
Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.
Oil Prices Down 1.5% For The Week On Recession Jitters
Nov 30, 2022 06:28 PM
Oil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.
Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Nov 30, 2022 06:27 PM
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
Wall Street Rallies On Economic Data, Crude Falls As Stockpiles Jump
Nov 30, 2022 06:27 PM
U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday.
Chip Stocks Slip As Taiwan Tensions Mount
Nov 30, 2022 06:27 PM
Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.
Oil Costs Spur India To Produce Ethanol From Farm Waste
Nov 30, 2022 06:27 PM
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
Elon Musk Says 'I Have Too Much Work On My Plate'
Nov 30, 2022 06:26 PM
"I have too much work on my plate that is for sure," Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali.
Slovakia's Inobat Eyes Electric Vehicle Battery Plant In Serbia
Nov 30, 2022 06:26 PM
The Serbian government has agreed to provide funding of up to 419 million euros ($431 million) including grants and tax incentives to support the project, InoBat said.
Upcoming Launches
