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General Motors Rolls out Automotive Industry's First Commerce Platform

Dec 7, 2017

General Motors has launched the automotive industry’s first commerce platform for on-demand reservations and purchases of goods and services. With Marketplace, drivers can now order and pay for their favorite coffee — and much ...

Tags: General Motors, Automotive

GM, IBM Unveil New Cognitive Mobility Platform to Improve Driving Experience

Oct 27, 2016

General Motors (GM) and IBM have joined hands to bring the power of OnStar and IBM Watson together to create OnStar Go, the auto industry’s first cognitive mobility platform. Starting in early 2017, OnStar is expected to give ...

Tags: GM, IBM, Driving Experience

China Sets Floor for Retail Fuel Pricing

Jan 13, 2016

China will not cut its domestic retail fuel prices when international oil prices fall below 40 U.S. dollars a barrel, the country's economic planner said on Wednesday. Previously, China set a ceiling for domestic retail fuel prices, which ...

Tags: Retail Fuel Pricing, oil products

Retail Fuel Prices Will Be Lowered Slightly

Jul 8, 2015

Global woes drag crude prices, as demand continues to decline in China Retail fuel prices will be lowered slightly from Wednesday to better reflect the global fall in crude prices and the glut in the market, the nation's top economic ...

Tags: Gasoline Price, Crude Prices

ACCC Has Accepted Undertakings From Both Coles and Woolworths Supermarket Groups

Dec 26, 2013

The Australian Competition and Consumer Commission (ACCC) has accepted undertakings from both Coles and Woolworths supermarket groups that they will each voluntarily cease making fuel saving offers that are wholly or partially funded by any ...

Tags: ACCC, supermarket

China's Top Economic Planner Announced a Slash in The Per-Tonne Retail Prices of Gasoline

Nov 19, 2013

China's top economic planner on Thursday announced a slash in the per-tonne retail prices of gasoline by 160 yuan ($26.09) and diesel by 155 yuan, starting from Friday. The adjustment will lower the benchmark retail prices of gasoline by ...

Tags: Fuel Prices c, Fuel Prices

China Will Slash The Per-Tonne Retail Prices of Gasoline by 245 Yuan

Oct 11, 2013

China will slash the per-tonne retail prices of gasoline by 245 yuan (39.84 US dollars) and that of diesel by 235 yuan, starting from Monday, the country's top economic planner said on Sunday. The adjustment will lower the benchmark ...

Tags: Retail Fuel, Energy

Refining Capacity Expansions in China Have Been Largely on Track This Year

Sep 11, 2013

Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...

Tags: oil, Metallurgy, Mineral

US Demand for Liquid Fuels Will Rise Slowly Over The Next Two Years to 18.77 Million B/D

Jan 10, 2013

US demand for liquid fuels will rise slowly over the next two years to 18.77 million b/d in 2014, driven by distillate and liquid petroleum gas consumption from a recovering industrial sector, the Energy Information Administration said ...

Tags: liquid fuels, liquid petroleum gas, US, Energy Information Administration

China Will Review on Grid Power Tariffs Annually and Adjust Them

Jan 7, 2013

Reuters reported that China will review on grid power tariffs annually and adjust them if thermal coal prices fluctuate by more than 5% a year. Government marking a small step towards broader market-oriented energy pricing reforms. ...

Tags: thermal coal prices, thermal coal, energy, soaring coal prices

South Korea's Oil Refiners Are Likely to Face Tougher Challenges in Coming Years

Dec 28, 2012

South Korea's oil refiners are likely to face tougher challenges in coming years as President-elect Park Geun-Hye vows consumer-focused policies and tighter business regulations under her economic democratization platform. Park, from ...

Tags: South Korea, oil refiners, economic democratization platform, oil

Insurance Company Would Provide a New Fuel Distribution Insurance Program

Dec 25, 2012

National Interstate Insurance Company is planning to offer a new fuel distribution insurance program, in an effort to strengthen its long-standing captive fuel distribution business. Effective from 01 January 2013, the new program will ...

Tags: National Interstate, Service, fuel distribution, insurance

The Pantry Has Reported Lower Third-Quarter Profits as an Impairment Charge

Dec 12, 2012

US c-store operator The Pantry has reported lower third-quarter profits as an impairment charge and lower fuel sales weighed on earnings. In the three months ended 28 June, earnings dropped to US$14.8m from $19m in the comparable period ...

Tags: Pantry, Q 3profits, fuel sales, earnings

Kroger Has Increased Its Full-Year Profit Forecast After Reporting a Rise

Dec 12, 2012

US retailer Kroger has increased its full-year profit forecast after reporting a rise in third-quarter earnings. In the three-month period ended 3 November, earnings climbed to US$316.5m from $195.9m a year earlier, which included a ...

Tags: Kroger, profit, earnings rise, profit forecast

Attock Petroleum Limited Was Looking Into The Possibility of Buying Chevron's Fuel Assets

Dec 5, 2012

Attock Petroleum Limited, Pakistan's third-largest oil distributor, said Wednesday it was looking into the possibility of buying Chevron's downstream fuel assets in Pakistan and Egypt. In a filing with the Karachi stock exchange, Attock ...

Tags: Attock Petroleum, oil distributor, Chevron's downstream fuel assets

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