Auto Industry News
Oil Rises Nearly 2% On Strong Economic Data But Trade Choppy
Oil prices rose nearly 2% in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.
Ukraine Halted Oil Flows To Europe Over Payment Issue, Russia's Transneft Says
Aug 24, 2022 06:45 PM
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said.
Devastating Fire May Force Cuba To Resort To Floating Oil Storage
Aug 24, 2022 06:41 PM
An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid.
Clashes In Oil-Rich Shabwa Test Yemen's New Presidential Council
Aug 24, 2022 06:38 PM
Yemen's new presidential council is under strain over clashes between nominal allies in oil-rich Shabwa this week, imperilling Saudi Arabia's efforts to strengthen an anti-Houthi coalition and potentially complicating international peace efforts.
Iran Tanker Retrieves Oil Seized By U.S., Set To Leave Greece
Aug 24, 2022 06:31 PM
An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the matter said.
Oil Settles Lower On Weak Economic Chinese Economic Data
Aug 24, 2022 06:27 PM
Oil prices settled lower after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.
Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price View
Aug 24, 2022 06:21 PM
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.
Maruti Suzuki Brezza - New Age Car For A New Age Buyer
Aug 27, 2022 05:51 AM
Equipped with a bouquet of cutting-edge technologies and next-gen comfort and convenience features, the Hot and Techy Maruti Suzuki Brezza is for everyday & lifestyle use.
Car Repair Start-Up Fixigo To Strengthen Its Position By Expanding To 15 Cities By Year-End
Aug 24, 2022 01:43 AM
Gurugram-based car repair and service platform, Fixigo, will expand to 4 new cities - Bengaluru, Mumbai, Pune and Hyderabad - by October 2022.