Auto Industry
Reuters
Oct 29, 2022, 10:20 AM
Traders were squaring up positions ahead of the weekend after the WTI's November contract expiry, increasing volatility.
2 Min
Reuters | Oct 29, 2022Russia Poised To Largely Skirt New G7 Oil Price CapThe 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.5 mins read
Reuters | Oct 29, 2022Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara GlobalHigher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.2 mins read
Reuters | Oct 29, 2022France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge ItThe French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.3 mins read
Reuters | Oct 29, 2022Druzhba Pipeline Leak Reduces Russian Oil Flows To GermanyThe discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.3 mins read
Reuters | Oct 29, 2022Oil Prices Rise 2% On Low Diesel Stocks Ahead Of WinterBrent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.2 mins read
Reuters | Oct 29, 2022Honda To Build JV U.S. Battery Plant, Retool Ohio PlantsHonda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.2 mins read
Reuters | Oct 29, 2022SoftBank-backed tech unicorn Kavak expands in Middle EastKavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business.2 mins read
Reuters | Oct 29, 2022PepsiCo Confirms Tesla Semi Truck Deliveries To Start In DecemberPepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.2 mins read
