Auto Industry

Reuters

Sep 30, 2022, 5:29 AM

Oil Prices Slide 1% After U.S. Fed Raises Interest Rates

Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.

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  Reuters | Sep 30, 2022

  Russian Mobilization Hikes Urgency Of Oil Price Cap - Ukrainian Presidential Advisor

  Oleg Ustenko criticized updated European Union guidance on sanctions on Russian coal shipments that he said could enable companies to transport Russian coal to third countries, which was not in the original spirit of the deal.

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  Reuters | Sep 30, 2022

  U.S. Senators Want Secondary Sanctions On Russian Oil

  Democratic and Republican senators proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

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  Reuters | Sep 30, 2022

  Norway's Vianode Invests $194 Million In Battery Materials Plant

  Vianode will invest 2 billion Norwegian crowns in building a large-scale plant for sustainable battery materials in Norway.

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  Reuters | Sep 30, 2022

  India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump

  Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.

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  Reuters | Sep 30, 2022

  EU Eyes Oil Price Cap, More High-Tech Export Curbs In New Russia Sanctions - Report

  The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals.

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  Reuters | Sep 30, 2022

  Oil Edges Higher On Russian Supply Concerns In Volatile Trade

  Oil settled nearly 1% higher paring earlier gains as the market focused on Russian oil supply concerns.

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  Reuters | Sep 30, 2022

  Fisker To Sell Electric SUV In India With View To Local Production

  Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants to secure a first-mover advantage.

  3 mins read
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  Reuters | Sep 30, 2022

  Oil Prices Down, Investors Expect Big Fed Rate Hike

  Oil prices dipped following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.

  2 mins read