Auto Industry
Reuters
Jul 28, 2022, 11:53 PM
Oil struggled to stay above $100 a barrel, dropping to a 12-week low on recession fears earlier in the trading day. In the afternoon, Brent crude ended down 2.3% at $100.40 a barrel. That comes one day after Brent fell 9% on supply concerns.
2 Min
Reuters | Jul 28, 2022Oil Rises More Than 2% As Supply Outages Outweigh Recession FearsLow crude and fuel supplies supported the oil market even as equities slumped and the U.S. dollar, which typically has an inverse relationship with crude, rose.3 mins read
Reuters | Jul 28, 2022India's June Crude Imports Up On Demand Recovery, Russian DiscountsFuel consumption in the world's third-biggest oil consumer also increased in June, and seemed to be heading back towards pre-pandemic levels.3 mins read
Reuters | Jul 28, 2022EU Sanctions Tweak To Unblock Russian Oil Deals With Third CountriesMajor trading houses such as Vitol, Glencore and Trafigura as well as oil majors such as Shell and Total have stopped trading Russian oil for third parties, citing EU sanctions, including restrictions on insurance.1 min read
Reuters | Jul 28, 2022Oil Gains $5 On Weaker Dollar, Tight SuppliesBrent crude futures for September settlement gained $5.11, or 5.1%, to settle at $106.27 a barrel, after rising 2.1% on Friday.2 mins read
Reuters | Jul 28, 2022U.S. Not Expecting Saudi Arabia To Immediately Boost Oil OutputThe U.S. could secure a commitment that OPEC+ will boost production in the months ahead, which could send a signal to the market that supplies are coming if necessary.3 mins read
Reuters | Jul 28, 2022Oil Up 2.5% As No Immediate Saudi Output Boost ExpectedThe United States could still secure a commitment that OPEC will boost production in the months ahead in hopes that it will provide a signal to the market that supplies are coming if necessary.3 mins read
Reuters | Jul 28, 2022Ford, SK On Finalize U.S. EV Battery Joint VentureThe JV, BlueOval SK LLC, will establish a battery plant for electric vehicles (EV) in Tennessee and two other facilities in Kentucky, the U.S. automaker said in a regulatory filing.1 min read
Reuters | Jul 28, 2022GM Signs Agreements With Suppliers, On Course To Reach 1 Million EV Capacity By 2025General Motors Co said on Tuesday it had signed multi-year agreements with LG Chem Ltd and Livent Corp to secure key raw materials used in manufacturing batteries for electric vehicles.1 min read
