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Auto · 27 Oct 2022
Wall Street Dives, Oil Surges As Investors Prepare For More Rate Hikes
U.S. stocks tumbled after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts…
Auto · 26 Oct 2022
Oil Steady As Recession Woes Counter Positive Chinese Signals
China’s central bank rolled over maturing medium-term policy loans on Monday while keeping its key interest rate unchanged for a second month, in a signal that loose…
Auto · 26 Oct 2022
CGT Union Votes To Continue Strike At TotalEnergies’ French Refineries
Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.
Auto · 26 Oct 2022
Ecuador Private Oil Pipeline Reports Spill Following Vandalism
The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador’s Napo province, has not affected operations of the Heavy Crude Pipeline (OCP…
Auto · 26 Oct 2022
Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price Surge
Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.
Auto · 26 Oct 2022
CGT Union Shuns TotalEnergies Talks As French Petrol Crisis Drags On
Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.
Auto · 26 Oct 2022
India Pushes Oil Refiners To Diversify After Surprise OPEC+ Cuts
As the world’s third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set…
Auto · 26 Oct 2022
Rupee May Track Asian Peers Higher; U.S. Yields, Oil Prices In Focus
The rupee is seen opening at 82.25-82.30 per U.S. dollar. On Tuesday, the rupee finished at 82.36, a level almost flat to the dollar, after attempting to…
Auto · 26 Oct 2022
UAE Says It Fully Stands With Saudi Arabia To Support Energy Stability, Security
UAE also added that it supports the Saudi foreign ministry’s statement regarding the latest OPEC+ decision and rejects statements that push for politicising it, WAM said.
Auto · 26 Oct 2022
Fire At Indian Oil’s Haldia Refinery Injures Three -Local Media
In December last year, a fire killed three people and injured 44 during maintenance-related work at the refinery.