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Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.

Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups

Sep 18, 2022 02:53 AM

3 mins read

Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.

Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

By Reuters

Sep 17, 2022 09:36 PM

Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August.

Oil Slumps Over 3% On U.S. Rail Agreement, Demand Concerns

By Reuters

Sep 17, 2022 09:27 PM

Oil futures fell over 3% on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead of a potentially large interest rate increase.

Kenya Scraps Petrol Subsidy After President Warned It Was Unsustainable

By Reuters

Sep 17, 2022 09:25 PM

Kenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable.

Saudi Overtakes Russia To Be India's No. 2 Oil Supplier In August

By Reuters

Sep 17, 2022 09:22 PM

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia.

Exclusive: Ather Energy Aims To Produce 35,000 Units A Month With New Plant

By Mihir Barve

Sep 17, 2022 08:31 PM

Ather Energy's CEO Tarun Mehta - in a conversation with carandbike Editor-in-Chief Siddharth Patankar - said that Ather's new plant will lead to a capacity expansion to 35,000 units a month.