Auto Industry News
Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns
Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.
Oil Slides Amid Recession Fears, Slow Recovery In China Imports
Aug 29, 2022 05:24 PM
China, the world's top crude importer, imported 8.79 million barrels per day (bpd) of crude in July, up from a four-year low in June, but still 9.5% lower than a year ago, customs data showed.
Russian Crude Prices Recover On Strong India, China Demand
Aug 29, 2022 05:24 PM
Prices have rebounded with at least two cargoes loading between end-September and early October sold at parity against Middle East benchmark Dubai
Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments
Aug 29, 2022 05:24 PM
The Swiss government imposed further sanctions against Russia over the war in Ukraine, in line with the European Union's latest measures on gold and gold products, the cabinet said.
Oil Prices Hit Lowest Since Ukraine Invasion Amid Recession Fears
Aug 29, 2022 05:23 PM
Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine, as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand.
U.S. Targets Chinese, UAE Firms In New Iran Oil Sanctions
Aug 29, 2022 05:22 PM
The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.
Here Is A List Of Citizen Rights When Stopped By Traffic Police
Aug 29, 2022 05:19 PM
All motorists should be aware of their rights when pulled over by the traffic police
Moldova's Ex-President Calls For Snap Elections Over Gas Price
Aug 29, 2022 05:14 PM
Moldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.
Oil Edges Up Ahead Of OPEC Meeting Despite Recession Worries
Aug 29, 2022 05:13 PM
Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.