Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Thursday.
WORLD OIL PRICES
Brent crude oil rose above $108 a barrel on Thursday, consolidating after seven days of falls as better than expected data suggested the world economy was recovering, but analysts said the overall outlook for oil prices was bearish.
SINGAPORE AIRLINES LTD
Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.
Oil and gas firm PT Elnusa booked a net profit increase of 40 percent from January to September, to 68.50 billion rupiah as revenues are expected to remain unchanged at
3.42 trillion rupiah.
The carmaker warned that it would miss its earnings forecast this year by about 1 billion euros and would not improve profit margins next year as expected, blaming “significantly more difficult market conditions.”
The Finnish refiner forecast its renewable fuels business will be close to break-even in the fourth quarter, showing it was taking time for the unit to turn profitable.
The Spanish oil major said on Wednesday it would close four units of its A Coruna refinery in northern Spain from the start of November, with production due to begin again by the end of the same month.
The French oil services group revised up its revenue target for the year to around 8 billion euros ($10.38 billion), after posting a 21 percent rise in third-quarter profit on Thursday.
Ford to axe British van plant to stem Europe losses: sources – Ford will announce on Thursday that it is closing its van factory at Southampton, ending more than a century of vehicle production by the company in Britain.