gasoline
BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry.Easing the ban, he said, would help reduce the EU’s reliance on China for batteries.Zipse’s warnings come amid fears in the auto industry of a Darwinistic price war with China. The European Union needs to move…
By Shariq Khan NEW YORK (Reuters) – U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in over three years as soon as next month, shortly before they go to vote in November’s presidential election, analysts said this week. Softer gasoline prices, resulting largely…
By Shariq Khan, Mohi Narayan and Ahmad Ghaddar NEW YORK/NEW DELHI/LONDON (Reuters) – Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. Softness in gasoline markets have upended years…
SHANGHAI (Reuters) -China’s BYD (SZ:) launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota (NYSE:) and Volkswagen (ETR:) that still sell mainly gasoline cars. BYD’s chairman Wang Chuanfu unveiled the fifth generation of the hybrid…
By Mohi NarayanNEW DELHI (Reuters) -Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the United States and a return to normal consumption after last year’s bounce following COVID-19. In the lowest growth since 2020,…
MOSCOW (Reuters) – Russia has increased gasoline imports from neighbouring Belarus in March to tackle the risk of shortages in its domestic market because of unscheduled repairs at Russian refineries after drone attacks, four industry and trade sources said on Wednesday. Usually Russia is a net exporter of fuel and…
SINGAPORE (Reuters) – Oil prices rebounded on Thursday after falling in the previous session as and gasoline inventory declines supported the market after signs the U.S. Federal Reserve may keep rates higher for longer crimped the outlook for future fuel demand. futures contract for May settlement rose 0.6%, or 52…
