News Formal

Cheap gas drives auto industry to distraction

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

With crude oil futures near $26 a barrel, drivers might lose enthusiasm for electric vehicles if governments put support on hold. Carmakers are ill-advised to let investment slide, writes KatrinaHamlin:

The United Arab Emirates followed Saudi Arabia on March 11 in promising to increase oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff with Russia that has hammered global crude prices.

ICE Europe Brent Crude Electronic Energy Futures stood at $26.45 on March 19, down by 47% from the opening price on March 6.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

KatrinaHamlin Have any idea of bop oil?

ReutersBiz KatrinaHamlin Oil bounced back today, it will bounce back, so what's the point of letting idea of electric vehicles go just because there were price decrease for few days in oil prices ? Where's the idea of sustainability ?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Auto industry could shift to make ventilatorsGeneral Motors is considering retooling its shuttered production lines to make ventilators and other needed medical equipment to respond to the coronavirus pandemic Yes! We need ventilators and ICU beds now. Stop considering, DO IT!!! REMEMBER LORDSTOWN. OPEN IT BACK UP.
Source: politico - 🏆 381. / 59 Read more »