Auto Industry

Reuters

Aug 29, 2022, 11:05 PM

Oil Ends Higher On U.S. Response To Iran Nuclear Deal Comments

Oil prices ended Wednesday higher after a volatile trading session. Brent crude settled up $1.00 to $101.22 while U.S. crude settled up $1.15 to $94.89 a barrel.

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  Reuters | Aug 29, 2022

  India's July Crude Oil Imports Jump 35%

  Oil product imports rose 5.4% from a year earlier to 3.73 million tonnes, while exports fell by 0.4%.

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  Reuters | Aug 29, 2022

  Mercedes Set To Lead India's Luxury EV Market As Tesla Stays Out

  Mercedes-Benz will launch three new electric cars this year, be the first company to assemble a luxury EV, and will set up a fast-charging network nationwide

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  Reuters | Aug 29, 2022

  Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns

  Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.

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  Reuters | Aug 29, 2022

  OPEC+ Sees Slightly Smaller Oil Market Surplus This Year, Sources Say

  OPEC+ sees this year's oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to decide on its production policy for next month.

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  Reuters | Aug 29, 2022

  Cuba Gets Help From Mexico, Venezuela To Fight Oil Fire

  Cuba appeared to make progress bringing under control a fire at its main oil storage facility that has killed one firefighter, drawing on help from Mexico and Venezuela to fight the raging flames.

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  Reuters | Aug 29, 2022

  Indian Oil Corp Unit To Open 50 Fuel Stations In Sri Lanka To Help Alleviate Crisis

  Sri Lanka has given approval for India's Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.

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  Reuters | Aug 29, 2022

  Oil Rises Nearly 2% On Strong Economic Data But Trade Choppy

  Oil prices rose nearly 2% in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.

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  Reuters | Aug 29, 2022

  Ukraine Halted Oil Flows To Europe Over Payment Issue, Russia's Transneft Says

  Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said.

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