About Reuters
Articles of Reuters
Biden To Sign Bill To Boost U.S. Chips, Compete With China
President Joe Biden will sign a bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts.
Read More →
Third Oil Storage Tank Collapses In Cuba Terminal Following Fire, Spill -Governor
A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.
Read More →
Chennai Petroleum Cuts Crude Runs By 25% At Southern India Refinery
India's Chennai Petroleum Corp said it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery in southern India, following an order by the Tamil Nadu state pollution control board.
Read More →
Oil Slips Amid Chance Of Iran Nuclear Deal Supply Boost
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market.
Read More →
China Drafts Rules On Use Of Self-Driving vehicles For Public Transport
China should adopt autonomous vehicles in passenger transport with care, the country's Ministry of Transportation said in drafted rules to regulate the self-driving industry.
Read More →
Baidu CEO Says EV Arm's Autonomous Driving Tech Will Be Ahead Of Tesla
Baidu's electric vehicle (EV) firm Jidu Auto will be one-generation ahead of Tesla in terms of autonomous driving technologies, Baidu chief executive Robin Li said in a statement.
Read More →Chip And Carmaker CEOs Meet Ahead Of Biden Signing
On Tuesday, President Joe Biden will sign legislation to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China.
Read More →
GM Doubles Miles Open To Its Super Cruise Technology
Owners of certain vehicles equipped with the Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads
Read More →Oil Drops With Dollar On Recession Fears; Wall Street Ends Mixed
Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn and ahead of key a hotly anticipated U.S. employment report.
Read More →
Big Oil Offers Big Returns But Keeps Spending Tight
The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.
Read More →Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns
Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.
Read More →Oil Slides Amid Recession Fears, Slow Recovery In China Imports
China, the world's top crude importer, imported 8.79 million barrels per day (bpd) of crude in July, up from a four-year low in June, but still 9.5% lower than a year ago, customs data showed.
Read More →
Russian Crude Prices Recover On Strong India, China Demand
Prices have rebounded with at least two cargoes loading between end-September and early October sold at parity against Middle East benchmark Dubai
Read More →
Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments
The Swiss government imposed further sanctions against Russia over the war in Ukraine, in line with the European Union's latest measures on gold and gold products, the cabinet said.
Read More →
Oil Prices Hit Lowest Since Ukraine Invasion Amid Recession Fears
Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine, as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand.
Read More →U.S. Targets Chinese, UAE Firms In New Iran Oil Sanctions
The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.
Read More →Moldova's Ex-President Calls For Snap Elections Over Gas Price
Moldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.
Read More →Oil Edges Up Ahead Of OPEC Meeting Despite Recession Worries
Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.
Read More →Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns
Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.
Read More →Russian Crude Prices Recover On Strong India, China Demand
Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.
Read More →
