Hyundai Heavy says Aramco buys 17 pct stake in South Korean refiner unit for $1.2 bln, Auto News, ET Auto

Hyundai Heavy says Aramco buys 17 pct stake in South Korean refiner unit for...

Hyundai Heavy has said it plans to "reconsider" listing its refinery arm after completing the stake sale.SEOUL: The biggest shareholder in South Korean oil...
Oil hits 2019 high on China growth, lower US inventories, Auto News, ET Auto

Oil hits 2019 high on China growth, lower US inventories, Auto News, ET Auto

LONDON: Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in...
Oil prices extend losses as oversupply worries drag, Auto News, ET Auto

Oil prices extend losses as oversupply worries drag, Auto News, ET Auto

By Colin Packham and Roslan KhasawnehSINGAPORE: Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude...
Global steel demand slows as China economy falters and trade war hits, Auto News, ET Auto

Global steel demand slows as China economy falters and trade war hits, Auto News,...

LONDON: Growth in global steel demand will weaken over the next two years because of slowing economies, sluggish manufacturing in China and the Sino-U.S....
China’s March crude steel output climbs 10 pct y/y, boost from eased anti-smog curbs, Auto News, ET Auto

China’s March crude steel output climbs 10 pct y/y, boost from eased anti-smog curbs,...

BEIJING: China's crude steel output grew 10 percent in March compared with the same month a year ago as mills ramped up operations amid...
Volkswagen inks 10 year lithium supply deal with China's Ganfeng, Auto News, ET Auto

Volkswagen inks 10 year lithium supply deal with China’s Ganfeng, Auto News, ET Auto

New Delhi: German carmaker Volkswagen on Friday announced that the company has sealed a 10-year agreement with a Chinese firm Ganfeng to supply lithium...
Oil prices rise 1.5 pct as strong U.S. economic data eases demand concerns, Auto News, ET Auto

Oil prices rise 1.5 pct as strong U.S. economic data eases demand concerns, Auto...

By Laila KearneyNEW YORK: Oil prices gained 1.5 percent on Friday as strong U.S. employment data tempered fears about weakening global crude oil demand,...
Egypt to slash fuel subsidies as it nears end of IMF programme, Auto News, ET Auto

Egypt to slash fuel subsidies as it nears end of IMF programme, Auto News,...

By Patrick Werr, Aidan Lewis and Yousef SabaCAIRO - Egypt will remove subsidies on most energy products by June 15, it told the...
Oil set for best quarterly rise since 2009 on OPEC cuts, sanctions, Auto News, ET Auto

Oil set for best quarterly rise since 2009 on OPEC cuts, sanctions, Auto News,...

By Stephanie KellyNEW YORK: Oil prices rose on Friday, on track for their biggest quarterly rise in a decade, as U.S. sanctions against Iran...
Nippon Steel to bolster overseas business, focus on India, Auto News, ET Auto

Nippon Steel to bolster overseas business, focus on India, Auto News, ET Auto

By Yuka ObayashiTOKYO: Japan's Nippon Steel Corp, is set to bolster overseas operations, especially in fast-growing India, to bypass growing nationalism and capitalize on...