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Auto · 30 Sep 2022
Mahindra Roxor In Legal Trouble Again; Stellantis Looks To Permanently Ban Its Sale In The US
The 6th U.S. Circuit Court of Appeals said that a Detroit federal court applied the wrong standard when it found that Mahindra’s post-2020 Roxors were unlikely to…
Auto · 30 Sep 2022
INDIA RUPEE- Hits More Than 1-Week High On Weaker Dollar, Oil Prices
The Indian rupee hit a more than one-week high against the U.S. currency, as the dollar index fell further from a two-decade high scaled earlier this week.
Auto · 30 Sep 2022
Nigerian Oil Workers Threaten To Strike If Govt Doesn’t Stem Theft
Members of a Nigerian oil workers’ union are threatening to go on strike if the government does not do more to stem widespread oil theft they say…
Auto · 30 Sep 2022
India ONGC Gets Better Price For Oil Under New Rules -Report
India’s Oil and Natural Gas Corp has for the first time sold oil through a three-month local tender, commanding $5-$8 per barrel more than existing rates under…
Auto · 30 Sep 2022
Colombia Gov’t Agrees To Ease Tax Changes To Oil, Mining
Colombia’s government agreed to modify a tax reform proposal under debate in congress and continue to allow oil and mining companies to deduct royalty payments from their…
Auto · 30 Sep 2022
Oil Prices Slide $2/bbl; Settle At 9-Month Lows On Dollar Strength
Oil prices fell $2 a barrel, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on…
Auto · 30 Sep 2022
Oil India Sees ‘Healthy’ Profit In September Gtr Despite Windfall Tax
Oil India Ltd is expecting a “healthy profit” for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of…
Auto · 30 Sep 2022
India’s Reliance Unit To Buy 20% Stake In Caelux In Renewable Energy Push
Indian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp…
Auto · 30 Sep 2022
Argentine Oil Workers Strike After Refinery Explosion Kills Three
Argentina’s largest oil union said it launched an indefinite strike after an explosion at a refinery in the western province of Neuquen killed three.
Auto · 30 Sep 2022
U.S. Imposes New Sanctions On Iran Oil Exports, Targets Chinese Firms
The United States imposed sanctions on companies it accused of involvement in Iran’s petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks…