Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Monday.
WORLD OIL PRICES
Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.
Daimler is calling in a new sales chief for its important Chinese market as it seeks to boost revenue and catch up with faster-selling rivals BMW and Audi .
Separately, German Transport Minister Peter Ramsauer rejected calls to use government subsidies to spur the sale of electric cars, in remarks published in the Monday edition of German daily paper Bild.
Lufthansa is working on a warning system to detect poisonous gas in airplane cabins, as a consequence of a near crash two years ago at its low-cost airline unit Germanwings, Der Spiegel magazine reported.
The Italian government has started working with Fiat on possible measures to improve the Italian carmaker’s export capacity, Industry Minister Corrado Passera said. * Italian car sales data for September due at 1600 GMT.
London copper and Brent crude fell on Monday on persistent worries over global economic growth after two indicators showed China’s factory sector is still shrinking, while concerns over Spain’s banks and prospects for a bailout curbed appetite for risk.
Oil payments from Baghdad to Iraq’s Kurdish region are imminent, Kurdish Energy Minister Ashti Hawrami said on Sunday, offering hope for fims like DNO that a long-running conflict
NATURAL GAS PRICE HIKE
Turkey has raised the consumer price of natural gas by 9.8 percent from Monday in line with increasing global energy costs, state energy company Botas announced. Retail electricity prices were set to be hiked on Monday
Shell’s Nigerian unit shut its Bonny oil pipeline and deferred 150,000 barrels per day of production on Sunday after oil thieves caused a fire, the company said.