Auto Industry, Energy, Transportation: Factors To Watch on August 22 image

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 steadied near $115 a barrel on Wednesday, supported by hopes that European policymakers will act to resolve the region’s debt crisis and by Middle East tensions that kept supply disruptions concerns intact.

Czech Republic

Czech police have arrested the American boss of truckmaker Tatra on charges of bribery, a company spokesman said on Tuesday, the latest step in an anti-corruption drive which has seen several ministers and senior government officials facing charges.

Poland
LOTOS
Polish refiner plans to spend around $200 million this year on a stake in an upstream project off Norway, doubling the group’s crude oil output and helping mitigate the effects of investments in troubled oil field Yme.

UK
STAGECOACH – The British transport group said it had traded well in its first-quarter due to a strong performance from its British rail and U.S. bus businesses, and also said its chief executive Brian Souter would stand down and become the company’s chairman in May 2013, with Martin Griffiths, the company’s finance director, to take over as chief executive.

Russia
LUKOIL, Russia’s No.2 crude producer, raised its domestic retail gasoline prices for the first time since April following a seasonal increase in demand, Kommersant daily reports.

Gazprom in talks to route South Stream via Croatia

Turkey
GENEL ENERGY
Heritage Oil will sell part of a gas block and borrow money from Genel Energy to raise $450 million. Heritage also said it will sell a 26 percent stake in Miran Block in Iraq’s autonomous Kurdistan region to Genel and will take a $294 million loan from the company.

African Markets

NIGERIA EXXON
ExxonMobil’s Nigeria unit said it was helping clean up an oil spill near its facility off the West African country’s southeast coast, although the company wasn’t sure what caused the leak.

SOUTH SUDAN OIL
South Sudan expects to restart some oil output in December and more after June next year, an official said on Tuesday, after the new country struck an interim deal with Sudan that would allow it to resume crude exports across Sudanese territory.