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Auto Industry

Reuters
Jul 31, 2022, 5:51 AM
Oil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike.
2 Min
Reuters | Jul 31, 2022Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi PricingSaudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May2 mins read
Reuters | Jul 31, 2022Oil Rises $2/bbl After G7 Vows New Russian SanctionsLibya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests2 mins read
Reuters | Jul 31, 2022Oil Extends Gains As Major Producers Flag Capacity LimitsSaudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.2 mins read
Reuters | Jul 31, 2022Oil Jumps 4% As U.S. Gasoline Prices Hit Record HighOil prices rose about 4% as U.S. gasoline prices jumped to a record high.2 mins read
Reuters | Jul 31, 2022Oil Above $120 A Barrel Ahead Of EU Meeting On Russia SanctionsThe EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation".2 mins read
car&bike Team | Jul 31, 2022Oil Tumbles About 6% As China COVID Lockdowns WeighCrude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.2 mins read
Reuters | Jul 31, 2022Oil Climbs Above $121 A Barrel As China Eases Restrictions, EU MeetsOil prices hit a two-month high at $121 per barrel as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.2 mins read
Reuters | Jul 31, 2022Oil Prices Extend Gains After EU Bans Most Russia Oil ImportsEuropean Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 20222 mins read
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