Auto Industry
Reuters
Aug 29, 2022, 7:51 PM
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market.
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Reuters | Aug 29, 2022China Drafts Rules On Use Of Self-Driving vehicles For Public TransportChina should adopt autonomous vehicles in passenger transport with care, the country's Ministry of Transportation said in drafted rules to regulate the self-driving industry.1 min read
Reuters | Aug 29, 2022Baidu CEO Says EV Arm's Autonomous Driving Tech Will Be Ahead Of TeslaBaidu's electric vehicle (EV) firm Jidu Auto will be one-generation ahead of Tesla in terms of autonomous driving technologies, Baidu chief executive Robin Li said in a statement.1 min read
Reuters | Aug 29, 2022Chip And Carmaker CEOs Meet Ahead Of Biden SigningOn Tuesday, President Joe Biden will sign legislation to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China.1 min read
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Reuters | Aug 29, 2022Big Oil Offers Big Returns But Keeps Spending TightThe 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.3 mins read
Reuters | Aug 29, 2022Oil Sinks About 4% After Weak Factory Data Sparks Demand ConcernsOil 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- Reuters | Aug 29, 2022Oil Slides Amid Recession Fears, Slow Recovery In China ImportsChina, 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
Reuters | Aug 29, 2022Russian Crude Prices Recover On Strong India, China DemandPrices have rebounded with at least two cargoes loading between end-September and early October sold at parity against Middle East benchmark Dubai3 mins read
