LONDON, Aug 13 (Reuters) - U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of the second quarter of 2024. Refiners' gross inputs of crude and unfinished oils slowed to 16.6 million barrels per day (b/d) over the seven days ending on Aug. 2,...

09:03 AM EDT, 08/14/2024 (MT Newswires) -- QXO (QXO) reported a Q2 loss of $9.93 per diluted share, swinging from earnings of $0.52 a year earlier. Revenue for the quarter ended June 30 was $14.54 million, up from $13.26 million. Capital IQ estimates were not available. QXO shares were 1.2% higher in premarket trading. Price: 11.08, Change: +0.13, Percent Change:...

09:04 AM EDT, 08/14/2024 (MT Newswires) -- Ituran Location and Control ( ITRN ) said Wednesday that it is collaborating with Microsoft ( MSFT ) and Porsche to deliver live data telemetry for the Porsche Carrera Cup motor race. The telemetry data will be collected and shifted by the public mobile network to the Microsoft Azure cloud with an Ituran...

Aug 14 (Reuters) - Swedish electric-vehicle (EV) maker Polestar moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker said it began production of its Polestar 3 SUV in the United States. Steep tariffs recently imposed by U.S. and Europe on cars made in China have prompted many automakers to speed up plans...