About Reuters
Articles of Reuters
Nigeria Orders Final Seizure Of houses, Cars Of Former Oil Minister
Alison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.
Read More →
Oil Rises On Strong Crude Demand, Despite China Fears
Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.
Read More →
Tesla Cars Will Not Be Approved As Fully Self Driving This Year, Musk Says
Tesla says the cars still need to be driven with human oversight.
Read More →
Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry
Traders were squaring up positions ahead of the weekend after the WTI's November contract expiry, increasing volatility.
Read More →
Russia Poised To Largely Skirt New G7 Oil Price Cap
The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.
Read More →
Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara Global
Higher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.
Read More →
France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge It
The French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.
Read More →
Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany
The discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.
Read More →
Oil Prices Rise 2% On Low Diesel Stocks Ahead Of Winter
Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.
Read More →
Indian EV Maker Euler Motors Expects To Ramp Up Monthly Production To 1,000 Units
Euler Motors is expecting its order book to swell to 15,000 units by the end of the financial year from over 9,000 currently, buoyed by strong demand, Euler CEO Saurav Kumar told Reuters.
Read More →
Battery Maker ACC Picks Stellantis' Comau For Role In French Gigafactory
ACC, a joint venture of Stellantis, Mercedes Benz and TotalEnergies, has a plan worth over 7 billion euros ($6.9 billion) to build three gigafactories in France, Germany and Italy with a capacity of 40-gigawatt hours (GWh) each by 2030.
Read More →
Honda To Build JV U.S. Battery Plant, Retool Ohio Plants
Honda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.
Read More →
SoftBank-backed tech unicorn Kavak expands in Middle East
Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business.
Read More →
PepsiCo Confirms Tesla Semi Truck Deliveries To Start In December
PepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.
Read More →
Toshiba India To Supply Batteries For EVage's Electric Vans
This is the first deployment of lithium titanium oxide (LTO) cells into commercial delivery vans and will help EVage vehicles with battery safety and performance, the companies said.
Read More →
Gas Price Cap Deal Eludes EU Countries, For Now
The 27-country EU is plotting its next move to tame soaring energy prices and shield consumers from surging bills, as Europe heads into a winter of scarce Russian gas, a cost of living crisis and the looming threat of recession.
Read More →
Benchmark Yield At Near 4-Month High On Spike In U.S. Yields, Oil
The high oil prices have a direct impact on inflation in India, one of the largest importers of the commodity.
Read More →
Oil Falls By Nearly 2% As Recession Fears Outweigh Tight Supply Prospects
Oil prices fell amid comments from U.S. Federal Reserve officials about rising interest rates and their effect on the economy.
Read More →
Iran Toughens Crackdown As Some Oil Workers Reported To Join Protests
Protests have swept Iran since Mahsa Amini, a 22-year-old from Iran's Kurdish region, died on Sept. 16 while being held for "inappropriate attire", marking one of the boldest challenges to the Islamic Republic since the 1979 revolution.
Read More →Oil Settles Lower On China COVID Flare-Up, Recession Fear
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem.
Read More →
