Tag: China
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Oil prices hold at three-month high on stronger demand
Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 22 cents, or 0.3%, to $76.73 a barrel by 1133 GMT, their highest since Oct. 14. U.S. West Texas Intermediate crude was up…
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India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
India imports about 85% of its crude oil requirement and the government has said that the country would continue buying oil from the cheapest available sources to meet growing demand India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia,…
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Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Both companies are grappling with intense global competition in the electric vehicle market from the likes of Tesla and China’s BYD. Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a press conference on Monday, Honda CEO Toshihiro Mibe said the companies needed…