Auto Industry

Reuters

Aug 29, 2022, 5:13 PM

Oil Edges Up Ahead Of OPEC Meeting Despite Recession Worries

Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.

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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

  Russian Crude Prices Recover On Strong India, China Demand

  Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.

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  Reuters | Aug 29, 2022

  Monsoon Rains Dampen India's July Fuel Demand

  Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods.

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  Reuters | Aug 29, 2022

  VinFast Hiring 8,000 Additional Employees To Boost Production

  VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year.

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  Reuters | Aug 29, 2022

  OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report

  OPEC+ sees this year's oil market as slightly less supplied than previously thought.

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  Reuters | Aug 29, 2022

  Indian Oil Corp To Issue Short-Term CP - Report

  Indian Oil Corporation plans to raise funds selling commercial papers maturing in a more than a month.

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  Reuters | Aug 29, 2022

  Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears

  Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

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  Reuters | Aug 29, 2022

  Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks

  Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.

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