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Auto · 19 Dec 2022
Oil Rises To Over $80/bbl As Dollar Slumps On Slowing Inflation
The market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United States Keystone crude pipeline following a massive leak last week.
Auto · 19 Dec 2022
Royal Enfield 450 cc Roadster Revealed In Spy Shots
Royal Enfield’s upcoming 450 cc platform will have multiple models, including an adventure bike, a scrambler, and a cafe racer. We now have the first clear pictures…
Auto · 19 Dec 2022
Nikola To Sell Up To 75 Hydrogen-Powered Trucks To Plug Power
Electric vehicle (EV) makers are looking to capitalize on tax incentives provided by the U.S. Inflation Reduction Act (IRA) to lower costs of adopting EVs for commercial…
Auto · 19 Dec 2022
Turkey Oil Tanker Logjam Snarls Russia Oil Sanctions
A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said.
Auto · 19 Dec 2022
Oil Tankers Waiting To Pass Through Istanbul Strait Fall To 13: Report
A Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance covering the duration of…
Auto · 19 Dec 2022
Oil Up $2/bbl On Supply Risks Amid Ongoing Keystone Outage
Brent crude futures settled at $77.99 a barrel, gaining $1.89 or 2.5%. U.S. West Texas Intermediate crude settled at $73.17 a barrel, rising $2.15, or 3%.
Auto · 19 Dec 2022
Ducati India To Hike Prices From January 1, 2023
The Italian motorcycle company says price hike is necessitated due to rising input costs though no quantum of hike has been revealed yet.
Auto · 19 Dec 2022
Ecuador’s State Oil Firm Says Weather Power Outage Hits Hundreds Of Wells
In a statement, Petroecuador did not estimate the impact of Sunday’s incident on its production levels, but said it was working to normalize output in the coming…
Auto · 19 Dec 2022
Turkey Reaches Deal Over New Crude Tanker Insurance Regulations
The Turkish measures, which came into effect on Dec. 1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when…
Auto · 19 Dec 2022
LG Energy Solution To Invest $3.1 Billion In S.Korea Battery Facility
The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure