Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Wednesday.
WORLD OIL PRICES
Brent crude slipped toward $104 per barrel on Wednesday after softer official manufacturing data
from top energy consumer China chipped away at a fragile market sentiment, while fading hopes for U.S. stimulus measures also weighed on prices.
NUCLEAR POWER PLANT MOCHOVCE
Power utility Slovenske Elektrarne, unit of Italy’s Enel, said had launched an external back-up power source at its nuclear power plant Mochovce, part of the planned completion of new 3rd and 4th units.
Q2 results. The world’s largest premium car maker shrugged off a weak European car market to post its second best ever quarterly operating profit highlighting the growing divide between prospering export-oriented premium auto makers and their ailing mass market peers.
Italian oil and gas group missed expectations on Wednesday when it reported an underlying net profit in the second quarter of 1.46 billion euros ($1.80 billion). In a statement, Eni said its adjusted net profit in the second quarter rose 2 percent to 1.46 billion euros. That compared to a Reuters poll of nine analysts that had forecast an average of 1.542 billion euros.
Shares in Fiat were briefly suspended from trading on Tuesday and were down more than 5 percent, with the market focusing on flat profit margins at its U.S. unit Chrysler despite growing volumes.
Swedish oil company Lundin Petroleum posted a higher-than-expected second-quarter core profit on Wednesday, but trimmed its production target slightly for 2012.
Russian gasoline, gasoil, fuel oil exports up in June
Russian June refinery runs rise after maintenance
The French oil major has bought a 35 percent stake in two exploration blocks in Iraq’s Kurdistan region, drawing an angry response from the Iraqi government which has tried to bar companies from dealing directly with the semi-autonomous region.
Renault Samsung July sales were down 41.3 pct year on year.
Unlisted Renault Samsung is the South Korean unit of French car maker Renault, which in 2000 took a majority stake in the former Samsung Group car making unit.