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 rose to near $114 a barrel on Tuesday, after steep losses in the previous session, but gains were limited as investors weighed the impact of the Federal Reserve’s stimulus push on oil demand and eyed China’s next step to boost its economy.
SINGAPORE AIRLINES LTD
– Singapore Airlines said on Monday it carried 1.48 million passengers in August, an increase of 6.5 percent from a year earlier. Overall load factor for passengers and cargo stood at 67.5 percent, up from 66.4 percent a year earlier.
The company said global truck sales rose 20 percent between January and August. At the same time van sales dropped slightly year-on-year. It added the bus and coach market remains difficult.
The U.S. Defense Department needs more details to be able to assess the security implications of a possible merger of BAE Systems and EADS, U.S. Air Force Secretary Michael Donley said on Monday.
Kuwait Energy Company should decide in three, four months’ time whether it will start exploring gas or oil in Poland, its head Sara Akbar was quoted as saying by daily Puls Biznesu.
The world’s second biggest truck maker is scheduled to release data on its shipments of heavy-duty trucks in August at 0630 GMT.
The state-controlled Norwegian oil and gas firm must consider strategic alliances and changes to the ownership structure to meet challenges in the coming decades, the firm’s Chief Executive Helge Lund said in a commentary in a newspaper.
Brent crude rose to near $114 a barrel after steep losses in the previous session.
The car maker’s Chief Executive Sergio Marchionne said it will not close any of its six Italian factories despite a plunging domestic car market, responding to calls for clarity about Fiat’s future investment plans.
The group said on Monday its treasurer Camillo Rossotto will leave the company on December 31.
Angola is due to export around 1.67 million barrels per day (bpd) of crude oil in November, little changed from the initial loading schedule for October, a preliminary export programme showed on Monday.
Uganda has officially revised upwards its estimated oil reserves by 40 percent to 3.5 billion barrels after appraisal activity in two blocks revealed more crude deposits, a senior government official told Reuters on Monday.
Oil fell nearly $3 on Monday in a wild session that saw Brent plunge more than $5 a barrel in a wave of late, high-volume selling before paring losses as markets sought an explanation for the sudden crash.