Saudi Aramco is now the third-largest company by market capitalization, according to companiesmarketcap.com, a list of the world’s largest public companies by market capitalization that updates the rankings frequently. The list places Aramco in third place with a market capitalization of $1.903 trillion, behind Microsoft with a market capitalization of $1.920 trillion and Apple with a market capitalization of $2.413 trillion. On December 21, 2022, Aramco ranks second on the companymarketcap.com list with a market cap of $1.81 trillion, behind Apple, which was listed at the time with a market cap of $2.10 trillion. On May 13, 2022, the companymarketcap.com…
Author: Automotivedealernews.com
Jonathan and Nicole Helali have put off buying a new car because of high prices. But with a baby due in a few weeks, they’re hitting the local car dealerships and hoping for a good deal. “I feel like the ball is more in our court now compared to a few months ago when it was more in their court,” says Jonathan. He is right. Up to a point. During the pandemic, chip shortages and inventory problems sent prices of new and used vehicles soaring. That is finally changing. “For most of last year, almost everyone was paying above MSRP,”…
New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the launch of the report “Automotive Lubricants Market: Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017- 2027” – https://www.reportlinker.com/p06421131/?utm_source=GNW Rapid advancement in lubrication technologies and increasing demand for automobiles are driving the growth of the global automotive lubricants market in the forecast years.Lubricating oil is used to reduce wear, heat and friction between mechanical components that are in contact with each other. Also called lube or lube.In automobiles, lubricating oil is used and is also called engine oil and transmission fluid. Mineral and synthetic oils fall into the…
Coal quality and mining productivity issues continue to weigh on production at Sasol’s Secunda Operations in Mpumalanga, where only between 6.6 million tonnes and 6.9 million tonnes will be produced this financial year. This production is well below the group’s initial production guidance for the year of 7-7.2 million tonnes, as well as historical production levels of more than 7.5 million tonnes. Production, which fell 2% in the interim period to about 3.2 million tonnes, was also hit by the planned shutdown of the East plant, which reduced output by about 150,000 t during the period. Lower volumes were offset…
New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the launch of the “Connected Car Market: Global Industry Size, Share, Trends, Opportunities and Forecast, 2017-2027” report – https :// www.reportlinker.com/p06421154/?utm_source=GNW The global connected car market was estimated at USD 67.39 billion in 2021 and is estimated to reach USD 149.49 billion by 2027, registering a CAGR of 13.28%. Cars can now seamlessly communicate with other vehicles and infrastructure with technologies called vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I). The use of artificial intelligence (AI) technology, which enables smarter interactions between the driver and the vehicle, has increased, leading to the expansion…
Front-month ICE Brent was up $0.40/bbl on Friday to $83.93/bbl at 0900 GMT. Upward pressure:The International Energy Agency (IEA) has forecast China’s oil demand to grow by more than 900,000 b/d this year, and Goldman Sachs commodity strategists believe it will grow by as much as 1 million b/d. /d. That could push Brent up by “roughly $15/bbl,” Goldman Sachs said. “Global oil supply looks set to exceed demand in the first half of 2023, but the balance could quickly shift to a deficit as demand recovers and some Russian production is shut down,” the IEA says. It predicts Saudi…
With international sanctions on Russian diesel shipments in place for more than two weeks, early signs are that they are having at least part of the desired effect. The latest measures by the Group of Seven and the European Union were essentially designed to do two things: reduce Moscow’s income but keep the barrels. Since the new rules took effect on February 5, the export price of Russian diesel has fallen further relative to non-Russian supplies, with the discount above $35 a barrel earlier last week, according to data provided by Argus Media Ltd. and converted into barrels by Bloomberg.…
SHANGHAI — Chinese electric vehicle maker Nio plans to build a factory to produce rebranded budget electric vehicles for export to Europe starting next year, three people with knowledge of the matter said. The plan to expand the company’s lineup and expand overseas sales comes as sales of electric vehicles weaken sharply in China, the world’s largest auto market, following the end of state subsidies for purchases of electric vehicles. Nio has been planning to launch more affordable EV products under new brands after 2024 as part of projects called “Firefly” and “Alps,” according to the people, who declined to…
Michael Weaver has owned a 2022 Ford Bronco Sport since late September, but has put less than 1,200 miles on it. It has been in the shop for the better part of the last five months.Weaver, 38, who lives in Glenolden, he said his vehicle was behind before he made the first payment. But adding insult to injury has been the wait — a missing piece between Weaver and his new ride. Only because the body shop offered to repair the hard-to-find wheelhouse panel, rather than replace it with a new one, did Weaver get back on the road in…
Apple has launched a test app for vehicle manufacturers working to integrate its digital Car Keys software (via 9 to 5 Mac). Apple’s Digital Car Key feature allows users to unlock and start a compatible vehicle by holding an iPhone or Apple Watch to the driver’s side door. Car keys are stored in the Wallet app, just like a credit card. The feature is currently limited to select BMW, Kia and Genesis vehicles. Called “Car Key Tests,” the new app allows licensed MFi developers to test and validate their own integration of digital car key technology, which Apple announced in…