Auto Industry News

MG Gloster Facelift Launch on August 31, 2022
The teaser reveals little about the update aside from calling the updated SUV, the ‘Advanced Gloster’.

Iranian Tanker Reloads Oil Confiscated By U.S. In Greece
Aug 29, 2022 08:18 PM
An Iranian-flagged tanker is reloading oil confiscated in April by the United States after Greek authorities approved the release of the cargo.

India Says No Pressure On It To Limit Energy Purchases From Russia
Aug 29, 2022 08:17 PM
India said there was no pressure on it from Western countries or anywhere else over its energy purchases from Russia.

Cuba Tames Its Largest Fire, Fuel Depot Locals Begin To Return
Aug 29, 2022 08:09 PM
Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history.

Miners Face Supply Chain Overhaul To Meet U.S. EV Credit Deadline
Aug 29, 2022 08:09 PM
Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed.

Cuban Oil Fire All But Out, Blackouts And Gas Lines Lengthen
Aug 29, 2022 08:09 PM
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot and shuttered its only supertanker port.

India Shares Down As Tech, Autos Drag; Inflation Data Eyed
Aug 29, 2022 08:09 PM
Indian shares edged lower in early trade, as technology and automobile stocks declined amid weakness in other Asian markets, while investors awaited domestic inflation data.

Hope For Smaller Rate Rises To Lift Wall Street, Oil Gains
Aug 29, 2022 08:08 PM
Wall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.

Oil Rises As IEA Hikes 2022 Demand Growth Forecast
Aug 29, 2022 08:08 PM
Oil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.

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