Auto Industry
Reuters
Jul 30, 2022, 8:48 PM
Oil prices edged up on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine.
2 Min
Reuters | Jul 30, 2022Oil Prices Fall Over 2% As Fed Hikes Interest RatesBrent 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 $114.60.2 mins read
Reuters | Jul 30, 2022Oil Settles Up Despite OPEC+ Output Hike Plan; Supply Still TightOil 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.2 mins read
Reuters | Jul 30, 2022Oil Falls Around 3% As Investors Eye U.S. Fed Rate HikesOil 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.2 mins read
Reuters | Jul 30, 2022Ecuador Seeks Partner To Stop Gas Flaring As Anger Rises In The AmazonPetroecuador said 15 companies have expressed interest, including Promigas SA and Gran Tierra Energy.4 mins read
Reuters | Jul 30, 2022Greek Court Overturns Decision On U.S. Seizure Of Iranian Oil Cargo - ReportA 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.1 min read
Reuters | Jul 30, 2022Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt DemandInvestors 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.2 mins read
Reuters | Jul 30, 2022Rajesh Exports Setting Up India's First Display Plant With $3 Billion InvestmentRajesh 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
Reuters | Jul 30, 2022S.Korea Truckers End Strike; Govt Agrees To Extend Pay GuaranteeThe latest round of talks were held at a major industrial transport hub near the capital, where Transport Minister Won Hee-ryong earlier warned the government may step in and force truckers to return to work or face jail.2 mins read
