Baltic companies are stepping up their search for liquefied natural gas cargoes to replace the Russian fuel after prices fell in recent months. Estonia’s Eesti Gaas AS will tender in the coming weeks to buy seven cargoes to be delivered from April to September at Inkoo, a new floating terminal in Finland, a spokesman said. The firm has already bought fuel for the first three months of the year, while neighboring Lithuania is supplied in tenders. Gas prices have fallen more than 80% since their peak in August, increasing the appeal of LNG compared to alternatives such as coal or…
Author: Automotivedealernews.com
CHARLESTON, SC (WCBD) – Eight cars were towed during the first weekend of increased parking enforcement on King Street, Charleston city leaders say. The Charleston Police Department began beefing up enforcement Thursday as part of its public safety plan, warning that any vehicle parked on King Street between Spring and John streets during specific nighttime hours would be towed. No cars were towed Thursday night; two were towed Friday, and six were towed Saturday night. “Having only eight cars towed in the first weekend of enforcement is a promising start,” said Capt. Jason Bruder of the Charleston Police Department. “Our…
The Check Engine light on your car’s dashboard is the canary in the coal mine, but for your car. It means something is wrong, but it doesn’t tell you what the problem is. An illuminated check engine light can mean anything from the inconvenient (a loose gas cap) to the very serious: a damaged camshaft that could lead to costly and dangerous repairs if you continue to drive. You can find the ten most common problems that the check engine light could mean here. All of this means that if your light comes on and stays on, you should have…
GILES COUNTY, Va. (WFXR) – Virginia State Police (VSP) are investigating a single vehicle crash that occurred Saturday morning, February 11th. The vehicle was being pursued by the Giles County Sheriff’s Office before it crashed. The car, a 1998 Chevrolet Prizm, was traveling west on Route 460 about a half mile west of Route 61 at a high rate of speed when it went off the right side of the road, struck a ditch and he overturned Giles County Sheriff Charges Two With Burglary As a result of the impact, the vehicle ran off the left side of the road,…
The European Union played down the impact of Russia’s oil output cut, saying it was forced on Moscow by sanctions related to its invasion of Ukraine. “It was not voluntary,” EU Energy Commissioner Kadri Simson said in an interview in Cairo. “It was forced upon them. They don’t have the ability to sustain the production volumes because they don’t have access to the necessary technology.” Sanctions have restricted Russia’s ability to find buyers for the 10.9 million barrels a day it was pumping by the end of 2022, Simson said, adding that the giant producer is struggling even after accepting…
It is best to keep the car under low loads while varying engine and vehicle speed for the first few thousand miles for Andrew Gutman comments comments February 13, 2023 at 11:35 am Modern cars are more advanced than ever and therefore usually require less finesse to operate than older cars. However, they’re still mechanical machines, machines that need to be broken in, and BMW shows us exactly how to do that in its latest video. The video is aimed at tearing apart the drivetrains of their high-performance M cars (and features a gorgeous all-black M3 Touring as the star…
Oil changes are necessary for all car owners, but a study by Cooper Tires revealed that only 33 percent of motorists feel confident about undergoing this vital maintenance task. Fortunately, TikTok mechanic Daimee has broken gender stereotypes and posted a video showing how simple it is to change your oil. Auto mechanic Daimee laughing at how she accidentally dropped a car’s drain plug while changing its oilCredit: TikTok/dkhfhhdDaimee lists the first step of an oil change as removing the drain plug from the car. When this cap is removed, the old oil flows out of the vehicle. He is also…
photographed during a press conference at the European Automobile Manufacturers Association (ACEA – Association des constructeurs europeens d¿automobiles), (Photo by LAURIE DIEFFEMBACQ/BELGA MAG/AFP via Getty Images)BELGA MAG/AFP via Getty ImagesFace-to-face competition will return to Europe’s auto market this year as sales turn positive, while electric sales pause for breath. The emergence of a new threat from China’s mainly electric vehicles will add an additional level of difficulty for European manufacturers. If this threat poses a serious problem for European industry, expect protests from European Union (EU) politicians. The US Inflation Reduction Act threatens lucrative exports and could trigger a trade…
Laffer Tengler Investments reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating ) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,557 shares of the specialty retailer’s stock after selling 185 shares during the quarter. Laffer Tengler Investments’ holdings in O’Reilly Automotive were worth $1,798,000 at the end of the most recent quarter. → NOW! 220 pounds of graphite in every EV battery? (From Investment Trends)A number of other institutional investors and hedge funds have also recently added to or reduced their…
A unit of Vitol Group agreed to acquire Petroliam Nasional Bhd’s 74% stake. to Engen Ltd., South Africa’s largest chain of fuel stations, forming a continent-spanning retailer. Vivo Energy’s acquisition of a controlling stake in Malaysia’s national oil company Engen will help the energy trader form a group with 3,900 service stations in 27 African nations, the companies said in a statement set on Thursday They did not disclose financial details. The bet was expected to attract bids of about $2 billion, Bloomberg News reported last year. “We’re looking for opportunities downstream because it’s clearly a good fit for the…