Auto Industry

Reuters

Oct 28, 2022, 12:04 AM

Oil Rises On Strong Crude Demand, Despite China Fears

Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.

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  Reuters | Oct 27, 2022

  Western Officials Finalizing Plans For Russia Oil-Price Cap

  Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit.

  3 mins read
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  Reuters | Oct 27, 2022

  Tesla Cars Will Not Be Approved As Fully Self Driving This Year, Musk Says

  Tesla says the cars still need to be driven with human oversight.

  2 mins read
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  Reuters | Oct 27, 2022

  Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry

  Traders were squaring up positions ahead of the weekend after the WTI's November contract expiry, increasing volatility.

  2 mins read
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  Reuters | Oct 27, 2022

  Russia Poised To Largely Skirt New G7 Oil Price Cap

  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.

  5 mins read
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  car&bike Team | Oct 27, 2022

  Rupee Poised For Another Record Low On Fed Rate, Oil Worries

  The rupee is expected at around a lifetime low of 82.70 per U.S. dollar, down from 82.32 from the previous session.

  2 mins read
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  Reuters | Oct 27, 2022

  Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara Global

  Higher-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
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  car&bike Team | Oct 27, 2022

  Gogoro To Enter India; Announcement On November 3, 2022

  Taiwanese EV and infrastructure company, Gogoro, will enter the Indian EV market, with a big announcement on November 3, 2022, to which carandbike has been invited.

  2 mins read
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  Reuters | Oct 27, 2022

  France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge It

  The 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