Auto Industry

Reuters

Aug 29, 2022, 5:25 PM

Big Oil Offers Big Returns But Keeps Spending Tight

The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

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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.

  2 mins read
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  Reuters | Aug 29, 2022

  Oil Slides Amid Recession Fears, Slow Recovery In China Imports

  China, the world's top crude importer, imported 8.79 million barrels per day (bpd) of crude in July, up from a four-year low in June, but still 9.5% lower than a year ago, customs data showed.

  1 min read
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  Reuters | Aug 29, 2022

  Russian Crude Prices Recover On Strong India, China Demand

  Prices have rebounded with at least two cargoes loading between end-September and early October sold at parity against Middle East benchmark Dubai

  3 mins read
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  Reuters | Aug 29, 2022

  Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments

  The Swiss government imposed further sanctions against Russia over the war in Ukraine, in line with the European Union's latest measures on gold and gold products, the cabinet said.

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  Reuters | Aug 29, 2022

  Oil Prices Hit Lowest Since Ukraine Invasion Amid Recession Fears

  Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine, as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand.

  2 mins read
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  Reuters | Aug 29, 2022

  U.S. Targets Chinese, UAE Firms In New Iran Oil Sanctions

  The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.

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  car&bike Team | Aug 29, 2022

  Here Is A List Of Citizen Rights When Stopped By Traffic Police

  All motorists should be aware of their rights when pulled over by the traffic police

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  Reuters | Aug 29, 2022

  Moldova's Ex-President Calls For Snap Elections Over Gas Price

  Moldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.

  2 mins read