Auto Industry News
Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline Build
Oil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.
Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian Revenue
Dec 31, 2022 04:36 PM
G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.
Turkish Strikes Hit Oil Installations In Northern Syria - Report
Dec 31, 2022 04:36 PM
Turkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria.
Russia Says It Won't Accept Oil Price Cap And Is Preparing Response
Dec 31, 2022 04:35 PM
Russia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said.
Bosch To Beat Forecasts, Double Down On India - Report
Dec 31, 2022 04:35 PM
Bosch is set to earn more than 87 billion euros in revenues in 2022
Redwood Materials Joins Electric Vehicle, Battery Trek To South Carolina
Dec 31, 2022 04:35 PM
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials
Oil Dips 1.5% Ahead Of OPEC+ Meeting, EU Russian Oil Ban
Dec 31, 2022 04:35 PM
Oil futures slipped 1.5% in choppy trading ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
Oil Rises As China Eases COVID Curbs, Dollar Weakens
Dec 31, 2022 04:34 PM
Oil prices rose about a dollar per barrel after top crude importer China eased COVID curbs in two major cities.
Nayara Energy Offers Gasoil For The First Time Since Sept
Dec 31, 2022 04:34 PM
India's Nayara Energy has issued a tender to sell high-speed diesel or gasoil for first time since September.
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