Showing 1 - 5 of 5
Oil prices remain under pressure after the OPEC policy change to increase oil production
Published on 18/06/2024
» ICE Brent crude oil prices have been hovering around $80 to $90 per barrel since early February, supported by OPEC+ crude oil production cuts and conflicts in the Middle East. However, at the beginning of June, prices fell back below $80 per barrel after an OPEC+ policy change. On June 2nd, the OPEC+ group decided to increase oil production by a total of 2.2 million barrels per day (0.18 million barrels per day per month from October to December 2024 and 0.213 million barrels per day per month from January – September 2025) which is the main supply pressure on prices. PTT Trading’s international market analysis team predicts that ICE Brent crude prices will range between $75 and $85 per barrel in Q3 2024.
EV startup files for bankruptcy
Published on 18/06/2024
» BENGALURU - American electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its 'Ocean' SUVs in the United States and Europe.
Ferrari sued by drivers over brake defect
Reuters, Published on 19/03/2024
» NEW YORK - Ferrari has been sued in the United States by drivers who said the Italian luxury sports car maker has failed to fix vehicles at risk of a partial or total loss of braking capability.
PM to court EV investors in Germany
Mongkol Bangprapa, Published on 25/02/2024
» The government is aiming to attract car manufacturers in Germany to invest in the electric vehicle (EV) industry in Thailand during Prime Minister Srettha Thavisin's official trip to the country next month, Deputy Prime Minister Parnpree Bahiddha-Nukara said on Saturday.
Tesla failed to fix autopilot after fatal crash, engineers say
Bloomberg News, Published on 17/08/2023
» SAN FRANCISCO - Tesla Inc failed to fix limitations in its Autopilot system following a gruesome Florida crash that killed a driver in 2016, company engineers said in a family’s lawsuit over a very similar 2019 fatal collision that is headed to a jury trial.