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Auto · 17 Sep 2022
Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups
Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point…
Auto · 17 Sep 2022
India’s August Fuel Demand Steady M-O-M, Diesel Consumption Drops
India’s August fuel consumption was little changed from the previous month, government data released showed, even as diesel demand dropped to the lowest this year during monsoon…
Auto · 17 Sep 2022
Stocks Jump As Treasury Yields Ease And Oil Prices Sell Off
Global stocks rallied after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel.
Auto · 17 Sep 2022
Oil Settles Below $90 As Recession Fears Mount
Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia’s invasion of Ukraine as downbeat Chinese trade data fed investor worries about recession…
Auto · 17 Sep 2022
EU Plans To Cap Russian Gas Price As Putin Warns West Of Winter Freeze
The European Union proposed a price cap on Russian gas after President Vladimir Putin threatened to cut off all energy supplies if it took such a step,…
Auto · 17 Sep 2022
Kenya Scraps Petrol Subsidy After President Warned It Was Unsustainable
Kenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable.
Auto · 17 Sep 2022
Oil Slumps Over 3% On U.S. Rail Agreement, Demand Concerns
Oil futures fell over 3% on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead…
Auto · 17 Sep 2022
Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data
Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August.
Auto · 17 Sep 2022
Saudi Overtakes Russia To Be India’s No. 2 Oil Supplier In August
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia.
Auto · 17 Sep 2022
Exclusive: Ather Energy Aims To Produce 35,000 Units A Month With New Plant
Ather Energy’s CEO Tarun Mehta – in a conversation with carandbike Editor-in-Chief Siddharth Patankar – said that Ather’s new plant will lead to a capacity expansion to…