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Auto · 29 Sep 2022
Indonesian President Likely To Weather Fuel Price Rise Uproar, Analysts Say
Thousands of people joined protests across Indonesia this week against a fuel price increase but even as anger mounts on the streets of Southeast Asia’s largest economy,…
Auto · 29 Sep 2022
India Raises Taxes On Aviation Fuel Exports, Domestic Crude Oil
India’s government raised taxes on aviation turbine fuel exports to 9 rupees ($0.11) per liter from 2 rupees per liter, a government notification said.
Auto · 29 Sep 2022
India’s Reliance To Buy Majority Stake In Solar Energy Software Maker For $32 Million
India’s Reliance Industries said late it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million.
Auto · 29 Sep 2022
Oil Climbs Ahead Of OPEC+ Meeting
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the…
Auto · 29 Sep 2022
Yellen Says Russia Offering ‘Enormous Discounts’ On Oil To China, India
A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said, noting that Russia was now offering China and…
Auto · 29 Sep 2022
Oil Prices Slide 1% After U.S. Fed Raises Interest Rates
Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that…
Auto · 29 Sep 2022
India, Russia To Discuss Energy Security As Oil, Coal Trade Soars
India and other members of the Shanghai Cooperation Organisation (SCO) will discuss energy security at the regional security bloc’s meeting in Uzbekistan, India’s foreign secretary Vinay Kwatra…
Auto · 29 Sep 2022
Iran Controls Fire At Southern Oilfield After Apparent Sabotage
Iran brought under control a fire at its Shadegan oilfield which was caused by an apparent act of sabotage, a local oil company official told state television.
Auto · 29 Sep 2022
Russia-Backed Indian Refiner Nayara Names Panicker As Chairman
India’s second-biggest private refiner Nayara Energy, part-owned by Russian oil major Rosneft, has appointed Prasad K. Panicker as chairman, replacing Tony Fountain, the company said in a…
Auto · 29 Sep 2022
Ecuador Inks Temporary Oil Moratorium Deal With Indigenous Groups
The government of Ecuador and indigenous leaders signed a deal to declare a temporary development moratorium on 15 oil blocks and suspend new mining contracts until a…