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Oil Rises As IEA Hikes 2022 Demand Growth Forecast
Oil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.
Read More →Oil Reverses Losses, Demand Concerns Persist
Oil prices edged higher in volatile trading as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from leading crude buyer China limited gains.
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Oil Dips As Slowdown Worries Limit Price Gains
Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.
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Oil Prices Down 1.5% For The Week On Recession Jitters
Oil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.
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U.S. Hits The EV Accelerator To Cut Chinese Metals Ties - Report
Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar panels and electric vehicles.
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Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
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Musk Targets Ad Tech Firms In Twitter Suit Over Takeover Deal
Elon Musk is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter.
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Wall Street Rallies On Economic Data, Crude Falls As Stockpiles Jump
U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday.
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Chip Stocks Slip As Taiwan Tensions Mount
Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.
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Oil Costs Spur India To Produce Ethanol From Farm Waste
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
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Elon Musk Says 'I Have Too Much Work On My Plate'
"I have too much work on my plate that is for sure," Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali.
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Slovakia's Inobat Eyes Electric Vehicle Battery Plant In Serbia
The Serbian government has agreed to provide funding of up to 419 million euros ($431 million) including grants and tax incentives to support the project, InoBat said.
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Stellantis Strikes Deal With Infineon To Secure Silicon Carbide Chips
According to the agreement, Infineon will reserve production capacity and supply the power semiconductors directly to Stellantis suppliers
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China's BYD To Launch New Premium Electric Car Brand In 2023
BYD said it would launch a new premium brand in the first quarter of 2023 under the name Yangwang, with its first model slated to be an off-road vehicle.
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Tata Motors Sees Profit Rebound On Jaguar Land Rover Boost, Lower Costs
Tata Motors said it expects profit and cash flow to bounce back in the second half thanks to healthy demand for its Jaguar Land Rover cars.
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Mahindra And Mahindra Reports Q2 Beat On Strong Demand
Mahindra reported a better-than-expected second-quarter profit, driven by strong demand for its passenger vehicles and farm equipment.
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Tesla Says It Will Assist Police Probe Into Fatal Crash In China
Tesla said it will assist Chinese police investigating a crash involving one of its Model Y cars.
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India Seeks COP27 Deal To 'Phase Down' All Fossil Fuels - Report
India wants countries to agree to phase down all fossil fuels at the COP27 climate summit in Egypt, rather than a narrower deal to phase down coal as was agreed last year.
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Indian Shares Fall As Autos Drag, Awaits U.S. Inflation Data
Indian shares fell, weighed by auto and metal companies.
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Musk Tells Twitter Staff: Bankruptcy Isn’t Out Of The Question - Report
Musk told employees that he is not sure how much run rate the company has and that bankruptcy is not out of the question.
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