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Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains
Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
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Foxconn Unit Invests $500 Million (Rs. 4100 Crore) In India Affiliate
Foxconn's Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million (Around Rs. 4100 Crore).
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OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - Report
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.
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Factbox - Western Governments Struggle To Agree On Russian Oil Price Cap
Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.
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Diesel Sales Of Indian State Retailers Up On Industrial Recovery
Indian state refiners' daily diesel sales rose 21% in November from the previous month.
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Putin Drives Across Crimea Bridge In A Mercedes
Putin, accompanied by Deputy Prime Minister Marat Khusnullin, was shown on state television behind the wheel of a Mercedes, asking questions about where the attack took place.
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Uber, Aurora To Expand Self-Driving Truck Ops In Texas To Meet Holiday Rush
Uber and Aurora Innovation will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays.
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India To Continue Buying Russian Oil, Ministry Source Says
India will continue buying Russian oil and even look for term contracts as sanctions allow purchases provided that Western services are not used.
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Reliance Makes Rare Buy Of Russian Naphtha, Ups Fuel Oil Imports
Reliance Industries is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports.
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Maruti Suzuki Plans Price Hike In January
Maruti Suzuki is planning to increase the price of its vehicles in January, prompted by continued cost pressure due to inflation and recent regulatory requirements.
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India November Auto Sales: Car, Tractor, Truck Sales Rise
The festive season helped drive strong overall sales at most Indian automakers in November.
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Essar Group Plans Rs. 40,000 Cr. Petrochemical Complex In Odisha
Essar Group plans to set up a Rs. 40,000 cr. petrochemical complex in the eastern state of Odisha in a tie-up with a global player.
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G7 Coalition Agrees $60 Per Barrel Price Cap For Russian Oil
G7 nations and Australia said they had agreed a $60 per barrel price cap on Russian seaborne crude oil.
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Musk Delivers First Tesla Truck, But No Update On Output, Pricing
Tesla CEO Musk delivered the company's first heavy-duty Semi to PepsiCo without offering updated forecasts for the truck's pricing, production plans or how much cargo it could haul.
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Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023 - Report
Tesla is planning to ramp up production of its Model Y cars from Gigafactory Texas next year
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India Orders Rickshaws Around Delhi To Run On Cleaner Fuel
India is to ban the use of diesel autorickshaws in areas around the capital Delhi, expanding restrictions introduced in the city itself to tackle some of the worst city air quality in the world.
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Oil Prices Climb On Tight Supply Worries
Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
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Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand
Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.
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Oil Rises 4% On Supply Threats, Still Set For Weekly Drop
Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.
Read More →U.S. Commerce Aims To Seek Chips Funding Proposals By February
The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.
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