Auto Industry, Energy, Transportation: Factors To Watch on September 4 image

Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Tuesday.

Brent futures rose for a fourth day in Asia on Tuesday, reaching more than $116 per barrel on persistent hopes for stimulus measures from central banks in the United States and Europe, with key policy meetings this week and next.

Czech Republic
UNIPETROL: The newspaper said there are fears in Poland about an attempt to nationalise some of the refineries owned by PKN Orlen through its Czech unit Unipetrol

Oil and gas producer PT Pertamina EP plans to drill another 11 gas wells in Matindok field, Central Sulawesi and expects to start production in November 2014, said Medianto Satyawan, the company’s general manager

Lufthansa said about 190 flights to and from Frankfurt airport would be cancelled on Tuesday because of strikes in a fight over pay and working conditions.
The airline said only a handful of long-distance flights would be impacted, adding around half of short and medium-distance flights were cancelled.
The carmaker will unveil a new version of the Golf, its perennial best seller in Berlin against the backdrop of a slumping European market, slowing economic growth in China and fierce competition in the compact-car segment.

ROYAL DUTCH SHELL : Authorities in Singapore have charged Royal Dutch Shell with safety lapses leading to a major fire last year at the Anglo-Dutch giant’s 500,000 barrels-per-day refinery in the city state.

Thailand’s top oil and gas explorer said on Monday it had selected units of French Total SA and JX Nippon Oil and Gas Exploration Corp to be its partners in Block M11 in Myanmar.


The Swedish truckmaker’s new top executive Martin Lundstedt said in an interview with business daily Dagens Industri he did not believe the company had passed the peak in terms of operating margins and that he saw nothing troubling in the company’s pipeline at present.

FIAT Italian new car sales fell 20.23 percent in August from the same month a year ago to 56,447 vehicles, Italy’s Transport Ministry said on Wednesday.
Italian energy group ERG said on Monday it had completed the sale of a 20 percent stake in the ISAB refinery in Sicily to Russia’s Lukoil for 485 million euros.

African Markets
*Nigeria’s central bank (CBN) said the country pumped 2.12 million barrels per day of oil in the second quarter, well below the 2.48 million bpd which the finance ministry has projected in this year’s budget.