Auto Industry

Reuters

Jul 31, 2022, 2:21 AM

Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

Oil prices swung higher in volatile trading, as traders focused on tight supplies over slowing global economic growth.

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  Reuters | Jul 31, 2022

  Oil Ticks Higher On Strong Demand, Tight Supply

  Oil prices edged up on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine.

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  Reuters | Jul 31, 2022

  Oil Prices Fall Over 2% As Fed Hikes Interest Rates

  Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell $3.62, or 3.04%, to $115.31 a barrel, after dropping to a low of $114.60.

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  Reuters | Jul 31, 2022

  Oil Settles Up Despite OPEC+ Output Hike Plan; Supply Still Tight

  Oil settled higher, supported by expectations that OPEC's decision to increase production targets by slightly more than planned will not add that much to global supply which should tighten as China eases COVID restrictions.

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  Reuters | Jul 31, 2022

  Oil Falls Around 3% As Investors Eye U.S. Fed Rate Hikes

  Oil prices pared losses, however, during the session after Fed Chair Jerome Powell pledged an "overarching focus" on bringing down inflation and reiterated that ongoing increases in the central bank's policy rate would be appropriate, with the pace depending on the economic outlook.

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  Reuters | Jul 31, 2022

  Ecuador Seeks Partner To Stop Gas Flaring As Anger Rises In The Amazon

  Petroecuador said 15 companies have expressed interest, including Promigas SA and Gran Tierra Energy.

  4 mins read
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  Reuters | Jul 31, 2022

  Greek Court Overturns Decision On U.S. Seizure Of Iranian Oil Cargo - Report

  A Greek court overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo of Iranian oil on an Iranian-flagged tanker off the Greek coast, three sources familiar with the matter said.

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  Reuters | Jul 31, 2022

  Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand

  Investors have been paring positions in risky assets as they assess whether inflation-fighting central banks could push the world economy into recession with higher interest rates.

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  Reuters | Jul 31, 2022

  Rajesh Exports Setting Up India's First Display Plant With $3 Billion Investment

  Rajesh Exports is also an applicant for Prime Minister Narendra Modi's $10 billion incentive plan to push companies to set up semiconductor and display operations in India.

  1 min read