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24.03.26 - 03:06
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Crude oil price rise ripples through automotive supply chain, squeezing parts makers (Digitimes)
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Global crude oil prices have swung higher in recent weeks, sending ripples through energy markets that are now coursing swiftly into downstream manufacturing. Few sectors have felt the impact as acutely as auto parts. Modern vehicle production depends heavily on petroleum-derived inputs — from engineering plastics and synthetic rubber to chemical coatings — and the steady climb in feedstock costs is tightening pressure across the automotive supply chain....
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24.03.26 - 01:18
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Ministers rebuff trade body′s call to boost North Sea oil and gas production (The Guardian)
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Government emphasises need to 'get off the rollercoaster of fossil fuel markets' in response to Offshore Energies UKThe UK government has dismissed a warning from an energy trade body that failing to produce more homegrown North Sea oil and gas will leave the UK increasingly reliant on imports at a time of rising global instability.The industry group, Offshore Energies UK, has said the UK “urgently” needs a greater supply of domestically produced energy or consumers will be left “more exposed to global volatility and higher emissions”. Continue reading......
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