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Auto · 28 Oct 2022
Western Officials Finalizing Plans For Russia Oil-Price Cap
Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical…
Auto · 28 Oct 2022
Oil Falls But Notches Weekly Gain As OPEC+ Considers Output Cut
Oil prices dipped choppy trading but notched their first weekly gain in five.
Auto · 28 Oct 2022
Petronas To Fight Asset Claims By Southeast Asian Sultan’s Heirs
Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15…
Auto · 28 Oct 2022
India Cuts Windfall Tax On Crude Oil Output, Diesel Exports
The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne.
Auto · 28 Oct 2022
India’s Gasoil, Gasoline Sales Surge On Festive Demand
Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier.
Auto · 28 Oct 2022
U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden’s $430 billion “Inflation Reduction Act”, enacted in August and aimed at rolling…
Auto · 28 Oct 2022
Tesla Faces U.S. Criminal Probe Over Self-Driving Claims – Report
The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s driver assistance system…
Auto · 28 Oct 2022
Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030
The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just…
Auto · 28 Oct 2022
Intel Unit Mobileye Prices IPO Above Range To Raise $861 Million
The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.
Auto · 28 Oct 2022
Chip Shortage Forces Temporary Closure Of Volvo Cars Factory – GP
Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.