Auto Industry
Reuters
Sep 18, 2022, 3:02 AM
Global stocks rallied after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel.
3 Min
Reuters | Sep 18, 2022India's August Fuel Demand Steady M-O-M, Diesel Consumption DropsIndia's August fuel consumption was little changed from the previous month, government data released showed, even as diesel demand dropped to the lowest this year during monsoon season in the world's No. 3 oil consumer.3 mins read
Reuters | Sep 18, 2022Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous GroupsEcuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.3 mins read
Reuters | Sep 17, 2022Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic DataOil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August.2 mins read- Reuters | Sep 17, 2022Oil Slumps Over 3% On U.S. Rail Agreement, Demand ConcernsOil futures fell over 3% on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead of a potentially large interest rate increase.2 mins read
Reuters | Sep 17, 2022Kenya Scraps Petrol Subsidy After President Warned It Was UnsustainableKenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable.1 min read
Reuters | Sep 17, 2022Saudi Overtakes Russia To Be India's No. 2 Oil Supplier In AugustSaudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia.2 mins read
Reuters | Sep 17, 2022Magna Invests $77 Million In India's EV Startup Yulu To Enter Micromobility MarketMagna is investing $77 million in India's EV startup Yulu to enter the micromobility market.1 min read
Reuters | Sep 17, 2022Oil Rises 1% On Supply Concerns, Expectations For Fuel SwitchingOil edged up 1% as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter.2 mins read
