Auto Industry News
U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.
Oil Muted As Price Cap Proposal Eases Supply Concerns
Dec 31, 2022 05:33 PM
A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.
Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's Oil
Dec 31, 2022 05:33 PM
Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.
Oil Prices Fall 2% As Chinese Demand Worries Linger
Dec 31, 2022 05:33 PM
U.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.
Oil Prices Fall 2% As Chinese Demand Worries Linger
Dec 31, 2022 05:33 PM
U.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.
OPEC+ Meeting To Take Into Account Market Conditions: Report
Dec 31, 2022 05:33 PM
OPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.
India Shares Defy Global Weakness, On Oil Slide To Close At New Record
Dec 31, 2022 05:33 PM
The NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.
India To Receive First LNG Cargo From Indonesia's Tangguh LNG
Dec 31, 2022 05:32 PM
The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv.
U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut Rumors
Dec 31, 2022 05:32 PM
Price action was volatile. U.S. West Texas Intermediate (WTI) crude settled up 96 cents, or 1.3%, at $77.24, after earlier touching its lowest since December 2021 at $73.60.
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